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Cray Valley Signs European Distribution Agreement with Grolman Group

Original Press Release

Cray Valley Signs European Distribution Agreement with Grolman Group

Press release date: February 2, 2011

EXTON, Pa., February 2, 2011 - The Hydrocarbon Specialty Chemical division of Cray Valley has signed a distribution contract with Grolman Group to position all of Cray Valley's materials to the plastic market in Germany, Switzerland, Austria and Benelux. Grolman will focus on developing sales at masterbatch and compounder companies where they sell a variety of other products. Cray Valley's materials for improving the performance of thermoplastic includes specialty low molecular weight functional additives based on two unique chemicals, rubbery polybutadienes and glassy styrene maleic anhydride copolymers. Both products families can provide maleic anhydride or other functional groups for reactive extrusion, increase the Tg or to improve the dispersion or coupling of fillers. The Grolman Group (www.grolman-group.com) operates an international specialty chemical distribution business. It is composed of individual local sales offices based in all European countries offering technically trained sales staff, customer service teams and local warehousing. The Grolman Group run by the fifth generation of the Grolman family has been privately owned since it was established in 1855. Globally based in Exton, Pa., Cray Valley USA LLC is part of Total's Resins Division, one of the largest resins manufacturers in the world with sales of 1.9 billion Euros and 3,800 employees worldwide. The Hydrocarbon Specialty Chemical division of Cray Valley provides hydrocarbon resins, Norsolene® and Wingtack® tackifying resins, along with Poly bd®, Ricon®, Krasol®, SMA® resins and Saret® rubber coagents. These products are used as raw materials for adhesives, rubber and other applications. For more information, visit www.crayvalley.com. Contacts:
Brian Courtney
Senior Public Relations Executive
Schubert Communications
610-269-2100, ext. 249
bcourtney@schubert.com

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