HAWTHORNE, Calif.--(Business Wire)--
Cereplast, Inc. (OTCBB:CERP), manufacturer of proprietary bio-based, sustainable
plastics, today announced that it has signed a distribution agreement with A.
Schulman, a leading international supplier of high-performance plastic compounds
and resins used as raw materials in a variety of markets.
Cereplast`s families of bioplastic resins will enable A. Schulman to launch a
new offering of bio-based material to its customers interested in more
environmentally-friendly solutions. Under the agreement, A. Schulman will
distribute Cereplast Compostables® and Hybrids Resins® to converters and
manufacturers in France, Benelux and Spain. Notably, in France, A. Schulman is
the leading supplier of plastics and additives to plastic molders and
converters.
"A. Schulman is one of the largest and most highly-regarded plastics suppliers
in the world," said Frederic Scheer, Chairman and CEO of Cereplast. "We`re very
pleased to have a company of this caliber offering Cereplast resins to its
customers in these European countries."
Serving virtually every market in every corner of the world, A. Schulman`s
products have rapidly become the materials of choice for customers in diverse
industries including automotive equipment components, construction and home
improvement products, film and packaging, medical, telecommunications, toys and
others.
"Launching this collaboration with A. Schulman is a great step forward for
Cereplast Europe. Their team of experienced, plastics-focused resources will
enable Cereplast to expand its market presence in several key European
countries, and improve our ability to serve a full range of customers," said
Jerome Raphanaud, Senior Vice President of Cereplast Europe. "We look forward to
working together with Schulman to accelerate the adoption of bio-plastics in
Europe."
About A. Schulman
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of
high-performance plastic compounds and resins. These materials are used in a
variety of consumer, industrial, automotive and packaging applications. The
Company employs about 2,200 people and has 14 manufacturing facilities in North
America and Europe (including Asia). Revenues for the fiscal year ended August
31, 2007, were $1.8 billion. Additional information about A. Schulman can be
found at www.aschulman.com.
About Cereplast, Inc.
Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary bio-based,
sustainable plastics which are used as substitutes for petroleum-based plastics
in all major converting processes - such as injection molding, thermoforming,
blow molding and extrusion - at a pricing structure that is competitive with
petroleum-based plastics. On the cutting-edge of bio-based plastic material
development, Cereplast now offers resins to meet a variety of customer demands.
Cereplast Compostable® resins are ideally suited for single use applications
where high bio-based content and compostability are advantageous, especially in
the food service industry. Cereplast Hybrid Resins® combine high bio-based
content with the durability and endurance of traditional plastic, making them
ideal for applications in industries such as automotive, consumer electronics
and packaging. Learn more at www.cereplast.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. When
used in this press release, the words "anticipate," "believe," "estimate,"
"may," "intend," "expect" and similar expressions identify such forward-looking
statements. Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the forward-looking statements
contained herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks and
uncertainties. These include, but are not limited to, risks and uncertainties
associated with: the impact of economic, competitive and other factors affecting
the Company and its operations, markets, product, and distributor performance,
the impact on the national and local economies resulting from terrorist actions,
and U.S. actions subsequently; and other factors detailed in reports filed by
the Company.
For Cereplast, Inc.
Athan Demakos, 312-375-1957
investor.relations@cereplast.com
Copyright Business Wire 2009
