Cereplast Enters Into Distribution Agreement With ALBIS PLASTIC GMBH
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 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.