H. Muehlstein

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Muehlstein Holding Corp., based in Norwalk, Connecticut, recently reached a preliminary agreement with Belgium-based Ravago S.A. (headquartered in Arendonk) to establish a global polymer distribution partnership. By merging their operations, the two companies will be able to expand their global footprint, enabling them to sell $5 billion worth of plastic and rubber polymers to over 28,000 manufacturers across 80 countries. According to Muehlstein, as part of the deal, Ravago will make an equity investment in Muehlstein, which includes their Channel Prime Alliance group and Pegasus Polymers division in Europe and Asia. Muehlstein Holding Corp. operates globally through several affiliates, including H. Muehlstein & Co., Inc., Channel Prime Alliance LLC, Pegasus Polymers, Inc., Muehlstein International, Muehlstein Compounded Products, and Trinity Specialty Compounding LLC. The product range of Muehlstein Holding Corp. includes polyethylene, polypropylene, polystyrene, polybutadiene, styrene-butadiene rubber, engineering resins, and specialty compounds, among others. H. Muehlstein has a Canadian office in Toronto, while Channel Prime Alliance sells to Canadian companies through its office in Oakville, Ontario. However, Muehlstein and other members of Ravago Holdings will continue to operate as separate financial entities, the company added. Ravago operates a Canadian subsidiary, Ravago Canada, in Burlington, Ontario. The transaction is expected to be completed in the third quarter of 2006.

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