CPI Plastics: Acquisition of Extrudawood
CPI, Canada, said it will pay about EUR 7.8m for Extrudawood International, the firm that grants licences in the North American market for the Extrudawood technology – an extrusion process for making styrene-based alternatives to wood products such as decking. The deal excludes Extrudawood’s Isle of Wight manufacturing plant. CPI has paid royalty and licence fees to Extrudawood International since 1998. The Extrudawood technology is used in CPI’s eon line of products, which includes outdoor decking and railing systems, cladding for spas, blind slats and fencing.