Berry Plastics is strengthening its product line with a new acquisition. The company has acquired the shares of Frans Nooren Beheer B.V. The purchase comprises the Frans Nooren Beheer Companies, notably STOPAQ B.V. and its operating companies, according to a press release. STOPAQ's revenues for 2011 were approximately € 23 million.
STOPAQ has invented and manufactured patented visco-elastic technologies for use in corrosion prevention, sealing and insulation applications ranging from pipelines to subsea piles to rail and cable joints. STOPAQ operates a state-of-the-art manufacturing plant with headquarters in Stadskanaal, The Netherlands. The plant includes R&D facilities, an anti-corrosion Technology Park, and Centre of Excellence training as well as exhibition facilities.
Berry's corrosion protection brands will now include the STOPAQ line of visco-elastic coatings. Berry Plastics' Corrosion Protection Group is a part of the Company's Engineered Materials Division and has over 50 years of reputable performance in protecting oil, gas, water, wastewater, and insulated pipelines, as well as other metal structures. STOPAQ's current CEO, J. Frits Doddema, will assume the role of Executive Vice President and General Manager for Berry's global Corrosion Protection Group.
Tom Salmon, President of Berry's Engineered Materials Division, stated, "The combination of STOPAQ with Berry's existing corrosion protection group will allow for solutions unrivalled by competitors in the market space." Mr. Salmon, continues, "STOPAQ has invested to create modern production facilities, staffed with skilled employees who work as a team to produce products that are globally desired. We look forward to working with the employees of STOPAQ as we integrate our two companies."