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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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