Proventec plc (AIM:PROV, Alternext:ALPTC), a provider of specialist steam cleaning and coatings technologies, is pleased to announce that the Company's subsidiary, Magma Industries B.V. ("Magma"), has signed an exclusive distribution agreement for the distribution of fire retardant products for pressure treatment of timber with Dr. Wolman GmbH ("Wolman"), a leading supplier of wood preservatives and fire protection products. Wolman is a 100% subsidiary of BASF, the world's leading chemical company.
Based in Sinzheim, Germany, Wolman has been a supplier to the timber industry for almost 100 years. Under this agreement Magma's product will be distributed throughout Europe (except the Benelux which will be directly supplied by Magma). Wolman has a strong specialist sales team and has established relationships with most of the timber treatment plants in Europe.
The Magma Firestop pressure treatment product for timber has been extensively tested on the most popular wood species according to the new European building legislation EN 13501-1.
Commenting on the agreement David Chestnutt, Chief Executive Officer of Proventec, said: "We are delighted to be entering this partnership, Wolman's reputation and extensive sales network in the timber treatment industry will dramatically expand the awareness and use of Magma's fire retardant products."
Mr Bandur, Director Sales of Dr Wolman GmbH, said: "We are committed to providing wood preservatives that are effective and easy to apply as well as environmentally friendly. We look forward to working with Magma."
In addition Magma's Business Development Director, Michel Bol has been appointed to the Board of Fireretard.com, the European industry association for Fire Retardant wood based materials. The association joins research organisations, manufacturers of wood based materials and fire retardant chemicals from eleven European member states and aims to promote and develop the market of fire retardant wood.
- Ends -
For further information, please contact:
|David Chestnutt, Chief Executive||Tel: + 44 (0) 151 706 0626|
Seymour Pierce Limited
|Paul Davies, Corporate Finance||Tel: + 44 (0) 20 7107 8031|
|Henry Harrison-Topham / Stephanie Cuthbert||Tel: +44 (0) 20 7398 7718|
Notes to editors:
About Dr. Wolman GmbH
Dr. Wolman GmbH is a leading supplier of wood preservatives, as well as selected products for fire protection.
As a medium-sized enterprise, we can, quickly and competently, help our customers become even more successful. With our range of future oriented products fully in line with market requirements, we are one of the world's leading companies in this sector.
We develop, produce and distribute wood preservatives that can meet the highest demands of quality. Our considerable investment in research and development benefits our customers and improves the competitiveness of our own products.
Since 1980 Dr. Wolman GmbH has belonged to BASF - The Chemical Company, the world market leader. This has given us access to both leading-edge technology and high-grade raw materials and intermediate products.
With regard to marketing, we can now take advantage of the BASF Group's global presence to serve our customers professionally.
Tradition, the spirit of innovation and wood preservation research at the highest international level determine the development of our products. We are focussed on providing a wood preservative that combines effectiveness and easy application with environmental compatibility and the absence of health risks.
Recognising the signs of the times early and then taking decisive action. This philosophy has determined our operations for decades. That's why, as early as the late 1980s, we were the first company in the industry to successfully introduce the first chromium and arsenic free wood preservatives, based on Copper HDO, which launched the Wolmanit CX range. This was not only a significant advance, but a completely new trend in wood preservation! For today, all major wood preservative manufacturers have chromium and arsenic free products in their range. And what's more, preservatives containing chromium and arsenic are under restricted use in most countries of world, as there are serious concerns about their effects on health.
Proventec manages a complementary portfolio of integrated businesses that specialise in hygienic solutions and preventative coatings technologies. Headquartered in Liverpool, UK, the Company operates in global markets, pioneering developments within the healthcare, food manufacturing, hospitality industries, transportation, construction, and other sectors. Companies in Proventec's portfolio include:
|OspreyDeepClean||The world's leading provider of low pressure, chemical-free, specialist dry saturated steam cleaning technology.||34|
|Contico Manufacturing||Provider of general cleaning products and janitorial equipment and supplies.||45|
|Frank||Manufacturer and distributer of automated cleaning systems and products including portable high pressure washers, self-service vehicle wash stations and dry steamers.||22|
|CryoJet||Provider of a specialised, industrial cleaning service, utilising steam and proprietary dry-ice technology.||25|
|Magma Firestop||Develops a wide of range fire retardant coatings, for the treatment of building and thatching materials.||4|
|InnoShield Systems||Develops transparent coatings protecting against UV rays and corrosion.||1|
The Company joined the AIM Market in June 2002 and was dual listed on Alternext in May 2008. For further information please visit www.proventecplc.comInformation réglementée
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