Cereplast Enters Into Distribution Agreement With ALBIS PLASTIC GMBH
EL SEGUNDO, Calif., July 12, 2012 (GLOBE NEWSWIRE) -- Cereplast, Inc . (Nasdaq:CERP), a leading manufacturer of proprietary biobased, sustainable bioplastics, today announced that it has entered into a distribution agreement with Hamburg, Germany-based ALBIS PLASTIC GMBH to supply Cereplast (CERP) bioplastic resins to the United Kingdom and Ireland.
Cereplast has shipped the first purchase order to ALBIS PLASTIC, who will distribute both Cereplast Compostables® resins, with an emphasis on blown film grades and blow molding grades, as well as Cereplast Sustainables® resins, including the Cereplast Hybrid Resins® product line. This contract signifies the growing demand in Europe for bioplastic resins, and expands Cereplast's foothold on the continent.
"Cereplast offers an excellent range of sustainable plastics which complements Albis' extensive green portfolio perfectly," stated Ian Mills, managing director of Albis UK.
About ALBIS PLASTIC GMBH
ALBIS PLASTIC is one of Europe's leading companies in the distribution and compounding of technical thermoplastics. In addition to the product portfolio of well-known plastic manufacturers, ALBIS offers the plastic processing industry a diverse product range of high performance plastics, compound solutions and masterbatches. The Hamburg, Germany-based company has 16 subsidiaries and is represented in many European countries as well as the Far East and North America. ALBIS manufactures plastic compounds and masterbatches at three sites in Europe Hamburg, Germany, Zulpich, Germany and Manchester, UK. Founded in 1961, ALBIS PLASTIC is a subsidiary company of OTTO KRAHN (GmbH & Co.) KG, a trading company founded in 1909.
About Cereplast, Inc.
Cereplast, Inc. (Nasdaq:CERP) designs and manufactures proprietary biobased, sustainable bioplastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics. On the cutting-edge of biobased plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables® resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables® resins combine high biobased content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com . You may also visit the Cereplast social networking pages at Facebook.com/Cereplast, Twitter.com/Cereplast and Youtube.com/Cereplastinc.
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CONTACT: Cereplast, Inc. Public Relations Nicole Cardi (310) 615-1900 x154 firstname.lastname@example.org Investor Relations: Alliance Advisors, LLC Alan Sheinwald 914-669-0222 email@example.com www.AllianceAdvisors.net
Source: Cereplast, Inc. 2012 GlobeNewswire, Inc.