- Establishes global long-term technology license
- Expands best-in-class product availability to customers worldwide
- Provides customers with extended service coverage
Luxembourg, Aachen, 5 March 2018 – Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, and Köpp, a leading manufacturer and processor of cellular rubber and polyethylene foam, today announced their “Partnership for Excellence”.
As part of this agreement, Köpp will transfer its proprietary and industry-leading bun foam technology to Armacell. Both parties will increase global product availability and provide customers with extended service coverage.
Following an initial period of calibration, Armacell will launch commercial production at its US-based component foams manufacturing facility underlining its recent capacity expansion plans and thus driving product innovation. The “Partnership for Excellence” will initially run for a 15-year term with multiple extension possibilities.
Commenting on the announcement, Patrick Mathieu, President & CEO of the Armacell Group, said: “We are delighted to partner with Köpp which has proven to be an industry leader in its markets. Our component foams customers will gain access to a broader suite of high-tech products, which in turn will enable them to satisfy their customers’ specific requirements.”
“We are proud to work with Armacell, an industry leader and distribution powerhouse,” Achim Raab, Managing Director and owner of Köpp, added. “This agreement marks a milestone in the evolution of Köpp and will provide customers worldwide with access to our proprietary technology.”
The parties have agreed to remain silent on the financial terms of this agreement.