Sekisui Voltek, LLC Acquires Youngbo America and Expands Capacity of North American
Production of XLPE and XLPP Roll Products to Meet Growing Demand
LAWRENCE, Mass. (July 14, 2006) –
Sekisui Voltek, LLC, a U. S. subsidiary of Sekisui Chemical Co. Ltd of Tokyo Japan (Sekisui Japan) has acquired 100% of the stock of Youngbo America, Inc., a California Corporation, from Youngbo Chemical Co., Ltd of Korea (Youngbo Korea). Sekisui Japan is already a 51% shareholder of Youngbo Korea. Youngbo America’s California facility will serve as a West coast sales office and distribution center.
In addition to this acquisition Sekisui Voltek also announced that it has significantly expanded capacity of both XLPE and XLPP Volara foam production to meet predicted strong growth in their three major business sectors of Automotive, Industrial and Tape & Healthcare. Brian Norris, President of Sekisui Voltek commented, "We feel the acquisition and our expanded capabilities will benefit the market and our customers by providing reliable domestic supply plus access to some unique overseas materials." For more information contact Sekisui Voltek at 100 Shepard Street, Lawrence, MA 01843. Phone: (978) 685-2557. Fax: (978) 685-9861. Or visit our web site at http://www.SekisuiVoltek.com.
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About Seksiui Voltek: Sekisui Voltek, LLC, a part of the worldwide network of Sekisui companies, is a global leader in the development and production of crosslinked, closed-cell polyolefin foams. For over 40 years, Sekisui Voltek’s innovative foam solutions have been used for a wide variety of applications within the transportation, tape and healthcare, building and construction, sports and leisure, and general industrial markets. Sekisui Voltek has two primary foam processes; Volara® – irradiation crosslinked polyolefin foam in roll, and laminated sheet form, and Volextra® – an extrusion coated Volara® composite.