Applied Minerals, Inc. And KibbeChem, Inc. Announce A Joint Development And Masterbatch Manufacturing Agreement
Agreement to Jointly Develop New Niche Products
In addition to the masterbatch agreement, both companies are working closely to jointly develop some proprietary product formulations that will take advantage of KibbeChem’s industry leadership position supplying chemical foaming and blowing agents as well as compounding expertise. According to Glen Kibbe, President and CEO of KibbeChem, “there is a major industry push to reduce the weight of polymers without losing strength and we feel that there are some very natural synergies between our products to deliver an unmatched solution for light weighting parts without the accompanying loss of strength.” These products will be marketed under the KibbeChem brand for which Applied Minerals will act as an exclusive supplier.
Both companies are excited to enter into this beneficial relationship and look forward to providing ready-to-use customized masterbatches to provide solutions to some unmet industry needs.
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