IMCD and SO.F.TER. announce exclusive distribution agreement for South Africa

ROTTERDAM, The Netherlands (8 January, 2014) - IMCD Group and SO.F.TER GROUP are delighted to announce the signing of an exclusive distribution agreement for South Africa.

Effective immediately, this agreement includes the complete package of SO.F.TER. products comprising of: the portfolio of thermoplastic elastomers, with elastomeric materials such as Forprene® vulcanizates (TPV) and the styrene-based TPEs; as well as a wide range of engineering plastics based on polypropylene, polyamide, ABS and other engineering polymers. 

Leveraging IMCD’s existing partnership with SO.F.TER. in the Benelux region and the expertise of the IMCD South Africa Plastics team, this agreement was reached after demonstrating the technical and commercial expertise of the IMCD Plastics team, their profound knowledge of the local South African market and the comprehensive customer base that they have established.

Darryl Bunyan, Plastics Business Unit Manager at IMCD South Africa, comments: "Thanks to this collaboration with one of the largest independent compounders, we can offer our customers a range of materials and technological solutions unmatched in the South African market. This will further give us the opportunity to develop new and complex projects and to provide solutions tailored to each customer." 

Not only is IMCD South Africa now able to offer a more complete product portfolio and increase its visibility within the plastics market, SO.F.TER. also benefits from the opportunity to actively penetrate the South African market and explore new application potential identified by IMCD. "IMCD offers a highly qualified service which includes full logistic, technical and commercial support,” adds Riccardo Meucci, Global Commercial Director SO.F.TER. “We have cooperated with them in Benelux for many years and we are very satisfied with this new agreement for South Africa. Last but not least, this agreement allows us to further expand our distribution network, in line with our strategic objective to be a global supplier.” 

About SO.F.TER. GROUP. 
The SO.F.TER. GROUP is one of the largest independent compounders in the world. The company’s product range includes thermoplastic elastomers, thermoplastic vulcanizates and engineering plastics. Thanks to its technological know-how in a broad range of materials, SO.F.TER. can offer its customers innovative, tailor-made solutions with a high specialization in the automotive, domestic appliance, construction, footwear and sport sectors. The SO.F.TER. GROUP, with a turnover of €250 Million in 2012 ($330 Million) has its headquarters in Forlì, Italy, a sales office near Stuttgart (Germany) and two commercial and production units in Latin America (Mexico, Brazil). A new plant, currently under construction in Lebanon, (Tennessee, US) is expected to start production in 2014. For more information visit www.softergroup.com.