Drucken plastics 01_04 _E_dp - BASF Plastics Portal
Drucken plastics 01_04 _E_dp - BASF Plastics Portal
Drucken plastics 01_04 _E_dp - BASF Plastics Portal
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Something new<br />
on the Western front<br />
<strong>BASF</strong> acquires the American polyurethane foam manufacturer Foam Enterprises<br />
33<br />
Since March 20<strong>04</strong>, the <strong>BASF</strong> family has had a new member,<br />
the American company Foam Enterprises, Inc., a<br />
manufacturer of rigid polyurethane foams used, among<br />
other things, for roof and wall insulation, walk-in freezers, sanitary<br />
applications and boat building. The company had sales of approximately<br />
U.S. $80 million in 2003. <strong>BASF</strong> is also a manufacturer of<br />
rigid polyurethane foam systems. “This acquisition reflects <strong>BASF</strong>’s<br />
global strategy to strengthen its network of Polyurethane System<br />
houses to offer tailor-made solutions for our customers worldwide,”<br />
explains Bill Bernstein, head of <strong>BASF</strong>’s polyurethane business in<br />
North America.<br />
Dennis Holbert, founder and president of FEI, will continue to head<br />
the company. FEI employs a total of 80 people at the company<br />
headquarters in Minneapolis, Minnesota and at its research and<br />
production operations in Houston, Texas. Holbert is confident that<br />
the two companies are a very good match. “When we founded<br />
Foam Enterprises back in 1977, our goal was to be the best in our<br />
field. Over the past 27 years, we have acquired a great deal of<br />
knowledge in rigid foam development and applications technology.<br />
Now we are taking another giant step towards that goal. As part of<br />
<strong>BASF</strong>, we are bringing our unique capabilities to the business. We<br />
see the coming challenges as opportunities and are looking forward<br />
to our future together with <strong>BASF</strong>.”<br />
“Customers will benefit from this acquisition because <strong>BASF</strong> and<br />
FEI will learn a great deal from each other and share the practices<br />
in areas such as technology development, product quality, supply<br />
consistency, research, global support, and customers and technical<br />
service”, sad Bernstein. “By teaming up, we will be able to<br />
bring optimal material solutions that meet the specific needs of our<br />
customers.”<br />
Both <strong>BASF</strong> and FEI will continue to supply their own customers<br />
with individualized polyurethane systems. <strong>BASF</strong>, in turn, will supply<br />
many of the polyurethane raw materials that FEI uses to develop<br />
tailor-made solutions for its customers.<br />
For additional information, please contact:<br />
David A. Elliott<br />
Corporate Communications<br />
<strong>BASF</strong> Corporation<br />
Phone: +1 734 324-6148<br />
E-mail: elliotd1@basf.com<br />
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