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Excel Polymers LLC purchases specialized rubber processing business of Chase Elastomer UK, LTD.
SOLON, Ohio – (September 13, 2007) – EXLP Global UK, Ltd., a unit of Excel Polymers LLC, announces the purchase of the specialized rubber processing business of Chase Elastomer UK, Ltd. in Duckinfield, Cheshire. The new organization will be called Excel Polymers–UK, although the Chase Elastomer trade name will still be used.
The purchase represents another significant step in the development of a European strategy for Excel Polymers and follows the recent acquisition of the Vita-Calender business.
John Quinn, president and CEO of Excel Polymers, said, “As global leaders in rubber compounding, we clearly identified the synergy that exists between these organizations. We recognize and admire the long heritage of the Chase Elastomer organization. We are convinced our combined experience, technical strength and global strategy will allow our new business to exceed the demands of the markets we serve.”
Excel Polymers is the world’s leading provider of customized, high-performance compounded elastomer materials, roll compounds and productivity-enhancing additives. End-use markets include industrial, construction, oil and gas, transportation, consumer goods, and roller markets. Excel Polymers is headquartered in Solon, Ohio, and operates eight plants in the United States, Mexico, Europe and China. In December 2006, Excel Polymers announced a compounding Joint Venture with Mitsui in the Guangdong Province of Southern China. For more information, please see http://www.excel-polymers.com.
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