Interplastic Corporation Purchases Mahogany Distribution Company of Mays Landing
(St. Paul, MN - January 22, 2007) Interplastic Corporation today announced that is has acquired the composite materials distribution business of Mahogany Company of Mays Landing, Inc. The acquired business encompasses two distribution centers in Mays Landing, NJ, and stocking locations in Everett, PA and Duncan, SC. The purchase also includes exclusive distribution rights within the territory of Mahogany produced composite kits.
The Mahogany distribution business will be combined with North American Composites’ (NAC) Northeast/Mid-Atlantic District and will be headquartered in Mays Landing, NJ.
“We are pleased to complete the sale of our distribution company to such a fine organization as NAC. The great opportunities in our kit cutting business excite us and we look forward to focusing our assets in that area,” said George M. Aaron, Chairman & CEO of Mahogany Company of Mays Landing, Inc.
“We are delighted to consummate the acquisition of this well-respected organization. We are very impressed both by the overall quality of the organization and the capabilities of its employees,” said Mark Brost, Vice President & General Manager of North American Composites.
Interplastic Corporation is a specialty chemical company headquartered in St. Paul, Minnesota. Its Thermoset Resins Division focuses on the production and distribution of unsaturated polyester, vinyl ester resins, gel coats, and colorants for the composites and cast polymer industries. The Molding Products Division is a leader in the production of sheet molding compounds and other thermoset molding materials. Interplastic’s North American Composites subsidiary is a national, full-service supplier to these same industries.
For more information contact:
Bobbi J. Jensen
Marketing Communications Specialist
Interplastic Corporation
(651) 481-6860
bjensen@interplastic.com
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