News Release

NOVA Chemicals Enters into New Branded Distribution Agreements

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Partnerships with M. Holland Company and Osterman & Company expand reach in Mexico market

Calgary, Alberta, Canada (April 12, 2018)- NOVA Chemicals Corporation (“NOVA Chemicals”), a leading supplier of polyethylene in the Americas, has entered into branded distribution agreements with M. Holland Company and Osterman & Company to distribute butene linear low density polyethylene (LLDPE) in Mexico. These agreements build upon the success both companies have established with NOVA Chemicals in the U.S. and Canada.

Butene LLDPE is a common type of polyethylene used in a wide range of bags and flexible packaging.  NOVA Chemicals’ butene LLDPE is well known in the industry for its excellent balance of physical properties, product uniformity and consistency, and best-in-class gel performance. In December 2016 NOVA Chemicals started up its expanded PE1 LLDPE facility in Joffre, Alberta; the new capacity will help meet the growing demand for polyethylene in Mexico and customers throughout the Americas.

“We greatly value our relationships with M. Holland and Osterman & Company, and we are excited to expand our Mexico sales with both of them,” said Todd Becker, vice president, sales, NOVA Chemicals’ polyethylene business. “This is another critical step in our journey to provide the best products and service to customers and converters in Mexico.”

Both distributors have strong ties to Mexico. M. Holland, a North American distributor of thermoplastic resins, formed M. Holland Latinoamerica, S.de R.L. de C.V. after acquiring Mexican plastics and chemicals distributor Grupo Solquim of Mexico City. Osterman & Company, a global plastic resin distributor, formed Osterman Plastics de Mexico S. de R.L. in 2015.

The agreement with NOVA Chemicals aligns well with M. Holland’s growth strategy, according to Ed Holland, president and chief executive officer, M. Holland. “We have great synergies with NOVA Chemicals and have enjoyed a long-standing relationship with them in the United States and Canada,” he explained. “As we continue to leverage opportunities for expansion, such as our acquisitions of Grupo Solquim in Mexico and two resin distributors in Puerto Rico, it’s vital to have partners such as NOVA Chemicals, whose vision and innovation dovetail well with our commitment to meeting customer needs.”

Osterman & Company is a long-standing distributor to the Americas; the affiliation with NOVA Chemicals in Mexico will bolster Osterman’s already-robust product offerings. “The addition of NOVA Chemicals’ LLDPE butene resins to our product line fills an important need in the Mexican market,” explained John Dwyer, president, Osterman & Company. “Offering this high-quality NOVA Chemicals’ product, as well as having access to their top-notch technical support, will allow us to further expand our Mexico sales and round out our Latin America supply offering.”

NOVA Chemicals has a dedicated team of sales and technical service to support direct and distribution sales in Mexico. For more information about NOVA Chemicals’ products and technology, visit www.novachem.com.

About NOVA Chemicals
NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life safer, healthier and easier. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to sustainability and Responsible Care®. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is wholly-owned ultimately by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates.

About NOVA Chemicals Polyethylene Business
The NOVA Chemicals polyethylene business enables its customers’ success with a portfolio of more than 125 specialized SURPASS®, SCLAIR® and NOVAPOL® resins. Each new NOVA Chemicals resin is developed to meet customer requirements, from drop-in consistency to step-out performance attributes. Our customer-centric approach drives our business: customer success is our success.

About OSTERMAN and Company
Osterman & Company is a premier global plastic resin distributor that’s been helping customers for more than four decades. With a focus on integrity, relationship building, product expertise and intuitive service, Osterman satisfies a diverse range of customers from offices around the world. For more information, visit www.osterman-co.com.

About M. Holland
M. Holland is a leading international distributor of thermoplastic resins, providing suppliers the most strategic channels to market, offering innovative sourcing and supply chain solutions to its clients, and helping people lead rewarding careers. Since 1950, a deep commitment to personal relationships has formed the core of the company’s heritage, its culture, and its vision. Headquartered in Northbrook, Ill., M. Holland sells in excess of 1.4 billion pounds of resin to more than 4,000 clients annually. To learn more, visit www.mholland.com. Follow M. Holland on TwitterLinkedIn, and Facebook.

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Media inquiries, please contact:
Andie Stiles
NOVA Chemicals
E-mail: andie.stiles@novachem.com

The NOVA Chemicals logo and NOVAPOL are registered trademarks of NOVA Brands Ltd.; authorized use. SCLAIR and SURPASS are registered trademarks of NOVA Chemicals Corporation in Canada and of NOVA Chemicals (International) S.A. elsewhere; authorized use.
Responsible Care® is a registered trademark of the Chemistry Industry Association of Canada.

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Date

4/12/2018

Category

Corporate

Active

Yes

Blurb

NOVA Chemicals Corporation, a leading supplier of polyethylene in the Americas, has entered into branded distribution agreements with M. Holland Company and Osterman & Company to distribute butene linear low density polyethylene (LLDPE) in Mexico.
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Created at 4/12/2018 6:23 AM by Greg Smith (V)
Last modified at 4/12/2018 1:12 PM by Greg Smith (V)