Rochling Engineering Plastics Acquires Glastic Corporation.CLEVELAND -- Rochling Engineering Plastics (REP), Haren/Germany today announced that it has acquired Glastic Corporation from CIGNET CIGNET Copernicus Implementation Guidance Network LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control for an undisclosed amount. Headquartered in Cleveland, Glastic Corporation is a leading global supplier of highly engineered composites for electrical and industrial applications. The company serves a diverse group of customers throughout the world, including OEM's, distributors and fabricators. Among Glastic Corporation brands are Glastherm[TM] and Goldmember[TM], as well as a variety of well-known specialty products servicing the electrical industry. The 160 employees generated approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 40 million in revenue in the last business year. "We are pleased to acquire Glastic Corporation and its market-leading brands and products. For 2007 we expect a significant increase of sales," said Ludger Bartels, President and Chief Executive Officer of Rochling Engineering Plastics. "This will be a growth driver as it ideally fits with our other composite businesses. Glastic Corporation possesses the core characteristics REP requires in our disciplined acquisition program. It has an outstanding leadership team, is a leader in its existing markets and has significant opportunities to expand in new areas. Glastic Corporation has a diverse, blue-chip customer base and a track record of technical innovation. With an established global infrastructure, especially in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Glastic Corporation is well-positioned." Glastic Corporation will become part of the Composites Division of Rochling Engineering Plastics, and will work closely with other segments on future development applications. Mark DiGiampietro, General Manager of Glastic Corporation, and his management team will continue to lead the business of the new subsidiary. "Joining the Rochling Engineering Plastics Group is a great step forward in the continuing development of Glastic Corporation," said Mr. DiGiampietro. "With the focus on high-growth, niche-oriented businesses, Rochling is in an ideal position to help us further strengthen our business. We are thrilled to become a part of this great group of companies, creating even better opportunities for our employees and customers." The internationally oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. Rochling Engineering Plastics Group has achieved extremely fast growth in the last few years, and with Group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. running at more than USD 440 million, it is one of the world's leading suppliers of semi-finished and finished products made of engineered plastics. With a range of thermoplastics and composites, Rochling offers made-to-measure solutions for practically all sectors of the capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods industry. The product range stretches from semi-finished products via machined-finished parts to compression-molded parts and finished, painted and assembled pultruded sections. As wide-ranging as the product spectrum is also the production processes used: Extruding, molding, filament winding Filament winding is a fabrication technique for creating composite material structures. The process involves winding filaments under varying amounts of tension over a male mould or mandrel. and pultruding as well as machining the semi-finished products on the most modern CNC-controlled milling machines milling machine Machine tool that rotates a circular tool with numerous cutting edges arranged symmetrically about its axis, called a milling cutter. The metal workpiece is usually held in a vise clamped to a table that can move in three perpendicular directions. in accordance to customers' drawings. Rochling Engineering Plastics is a member of the Rochling-Group, Mannheim/Germany that achieved turnover of about 1.1 billion Euro with 5,400 employees in the year 2005. Rochling successfully completed its transition from a conglomerate to a plastics group in the last year. With the acquisition of the Meta-Plast, Rochling consequential con·se·quen·tial adj. 1. Following as an effect, result, or conclusion; consequent. 2. Having important consequences; significant: continues the strategy to further develop its High-Performance Plastics Division. With the acquisition of Glastic Corporation Rochling moves on consistently in its progress toward becoming one of the world's leading plastics-processing enterprises. Management board of Rochling Engineering Plastics KG -------------------------------- Board of Management Ludger Bartels (President and CEO), Dr. Joachim Brunswicker (CFO) Rochlingstr. 1, D-49733 Haren/Germany Tel. +49 5934 701-0, Fax: -299 info@roechling-plastics.com www.roechling-plastics.com Note to Editors: There should be an umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. over the "o"
in "Rochling" throughout this news release.
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