Mar 5 2004
DuPont has announced the acquisition of the assets of Guangzhou Montelli Material Technology Corporation, a solid surfacing business located in the People's Republic of China.
As part of the company's strategy to increase its presence in growing markets, DuPont Surfaces, the manufacturer of DuPont™ Corian®, the original solid surface material, will acquire Guangzhou Montelli's existing manufacturing assets in the cities of Guangzhou and Xishui, including 400 employees. The transaction also includes the various solid surface brands marketed by Guangzhou Montelli and its extensive marketing and sales distribution network throughout China.
"The acquisition is beneficial for the PRC solid surface customers since the joining of both DuPont Surfaces and Guangzhou Montelli will offer a wider range of relevant products to the marketplace," said Guangzhou Montelli Chief Executive Officer Dr. Fred Gong. "Leveraging the DuPont Surfaces research and development capabilities will help fuel the introduction of new technologies and surfacing solutions to evolve the Montelli® brand in the PRC and satisfy unique market demands."
Corian®, the original solid surface product from DuPont, will continue to be manufactured at the Yerkes facilities in Buffalo, N.Y.; at a joint venture manufacturing site in Toyama, Japan; and at the Ulsan facilities in Korea.