European distribution agreement
May 18 2009 - 2:00AM
UK Regulatory
TIDMPROV
RNS Number : 3702S
Proventec PLC
18 May 2009
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| Press Release | 18 May 2009 |
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Proventec plc
("Proventec" or "the Company")
European distribution agreement with Dr. Wolman GmbH
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:
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| Proventec plc | |
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| David Chestnutt, Chief Executive | Tel: + 44 (0) 151 706 0626 |
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| dchestnutt@proventecplc.com | www.proventecplc.com |
+-----------------------------------------+--------------------------------+
+------------------------------------------------+------------------------+
| Seymour Pierce Limited |
+-------------------------------------------------------------------------+
| Nicola Marrin / Christopher Wren, Corporate | Tel: + 44 (0) 20 7107 |
| Finance | 8031 |
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| | www.seymourpierce.com |
+------------------------------------------------+------------------------+
Media enquiries:
+-----------------------------------------+--------------------------------+
| Abchurch Communications | |
+-----------------------------------------+--------------------------------+
| Henry Harrison-Topham / Stephanie | Tel: +44 (0) 20 |
| Cuthbert | 7398 7718 |
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| stephanie.cuthbert@abchurch-group.com | www.abchurch-group.com |
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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.
About Proventec
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:
+------------------+----------------------------------------+------------+
| Company | Business area | Employees |
| | | |
+------------------+----------------------------------------+------------+
| OspreyDeepClean | The world's leading provider of low | 34 |
| | pressure, chemical-free, specialist | |
| | dry saturated steam cleaning | |
| | technology. | |
| | | |
+------------------+----------------------------------------+------------+
| Contico | Provider of general cleaning products | 45 |
| Manufacturing | and janitorial equipment and | |
| | supplies. | |
| | | |
+------------------+----------------------------------------+------------+
| Frank | Manufacturer and distributor of | 22 |
| | automated cleaning systems and | |
| | products including portable high | |
| | pressure washers, self-service vehicle | |
| | wash stations and dry steamers. | |
| | | |
+------------------+----------------------------------------+------------+
| CryoJet | Provider of a specialised, industrial | 25 |
| | cleaning service, utilising steam and | |
| | proprietary dry-ice technology. | |
| | | |
+------------------+----------------------------------------+------------+
| Magma Firestop | Develops a wide range fire retardant | 4 |
| | coatings, for the treatment of | |
| | building and thatching materials. | |
| | | |
+------------------+----------------------------------------+------------+
| InnoShield | Develops transparent coatings | 1 |
| Systems | protecting against UV rays and | |
| | corrosion. | |
| | | |
+------------------+----------------------------------------+------------+
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.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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