Volume 11, Issue 4 - July/August 2007
Volume 11, Issue 4 - July/August 2007
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Newsworthy THE LATEST INDUSTRY NEWS
Martin Processing was formed in 1955 by Julius Hermes to specialize in developing dyeing technology. Two years later Hermes moved its center of operations to Martinsville, Va. In 1987, the Hermes family sold Martin Processing to the British global firm of Courtaulds, who named the company Courtaulds Performance Films (CPFilms). Today CPFilms is a part of the Performance Films division of Solutia with factories located in Virginia, California and the United Kingdom. Ken Vickers, president of CPFilms, says, “The historic growth of Martin Processing and the creative genius of Julius Hermes’ has been an inspiration to the spirited evolution of CPFilms.” The company will hold a celebration for its employees at its Martinsville, Va., headquarters this fall. XPEL Completes Shadow Buy Out Nuno Ferreira founded Shadow in August of 1999, as a paint protection and window tint film training, installation and distribution operation to serve Western Canada. The company is an authorized 3M distributor and has been designated a 3M Canada training facility of choice. XPEL says Ferreira will remain as president of the wholly-owned Canadian subsidiary. “We anticipate maintaining double-digit revenue growth from our Canadian operations, and Mr. Ferreira’s addition to our management team brings valuable and substantial experience that will be applied to XPEL’s company-wide growth strategies,” says Steven J. McAuley XPEL’s chief executive officer. XPEL has also announced the signing of a letter of intent to acquire Paintshield, founded by Tom Wakeford. The company has been an XPEL product distributor since its inception in May of 2003, and has served as the exclusive design arm for XPEL’s European product design activities. Paintshield also maintains joint venture ownership in the markets of Italy, France, Greece (Balkans), South East Asia and Australia, which are also being acquired by XPEL as part of the transaction. Paintshield U.K., without contribution from its affiliates, is projected to add approximately U.S. $1,000,000 to XPEL’s top line revenue in 2007. EPD University Moves Online OPPORTUNITIES POINTS OF INTEREST According to CityNews in Toronto, the company used the latest technology and designed the plane from a passenger’s point-of-view. CityNews reports that passengers are seated nine abreast in coach, but seats are spread out so that everyone is in sight of a window. The windows are bigger than any ever installed in a plane and feature an electronic filter to automatically allow passengers to tint their windows and sleep, while still being able to see outside. PEOPLE New appointments include: Walter Helskens, who will fill the position of market manager/sputter products for Europe; Mark Wozniak joins the company as service technician for the U.S. market; and Betty Li has been appointed internal sales expert to focus on customer servicing and relationship-building in the Asian market. The San Diego-based company says customers will increasingly benefit from personalized assistance when looking for sputter solutions. “Bekaert is committed to ongoing investments throughout our global operations to achieve exceptional customer care. I welcome these new members to the Bekaert team – they contribute valuable experience and have the enthusiasm and expertise to better serve and communicate with our customer base on a worldwide scale,” says Rémy Rochard, general manager/sputter products.
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