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Udo Storck has acquired the majority of the shares in foam processor Masterfoam

November 22/2011

(PlastEurope) -- Udo Storck has acquired the majority of the shares in foam processor Masterfoam (Ootmarsum / The Netherlands) from current CEO Hein Wiegerinck. The transaction was made possible by the aid of Dutch holding Wadinko. Storck previously served as the companys commercial director and fellow shareholder.

Masterfoam operates two plants in The Netherlands as well as one in Bistrita / Romania, turning PU and PE foams, films and mats into damming, insulating and acoustic solutions for the automotive and other industries. In addition, the group also manufactures polstered transport packaging for the computer, medicinal and entertainment sectors.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers' presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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