Michelman Acquires Fischer Pro

Thursday, 15 June 2006

Michelman Acquires Fischer Pro, Inc.

...Acquisition adds to Michelman’s already strong line of non-skid coating solutions

CINCINNATI, OH (June 15, 2006)  Michelman, a leading global manufacturer of performance enhancing coatings, announces the acquisition of Fischer Pro, Inc. of Keokuk, Iowa.  Fischer Pro is a leading manufacturer of non-skid coating products for corrugated cartons, tier sheets and multi-wall bags.  The acquisition includes the manufacturing operation located in Keokuk, all intellectual property and sales.

According to Cindy Padilla, Michelman’s CFO, “Fischer Pro has an excellent reputation in the market for quality and customer service, and is extremely well managed.  This acquisition will allow us to deliver even greater value to our customers of non-skid coatings.”  Adds Don Wiseman, VP Global Operations, “The acquired technology includes an efficient process for manufacturing colloidal silica dispersions of specified particle size, which may hold significant potential in other applications.”

Mr. Brad Fekete, president at Fischer Pro, has joined the Michelman team as Business Manager – Silica Based Coatings.   Fekete’s primary responsibility is to ensure that all Fischer Pro customers continue to enjoy the same high level of service to which they’re accustomed.  He will also support sales of related Michelman specialty paper coating products in North America.

About Michelman
Michelman is a global developer of water-based barrier and functional coatings for flexible film packaging, paperboard, and corrugated cartons; and water-based surface modifiers, additives and polymers for numerous industries including wood care, industrial coatings, inks, fibers, composites, and construction products. Michelman serves its multinational and regional customers with production facilities in the U.S., Europe and Singapore, and a worldwide network of highly trained field technical support personnel.

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