Cereplast enters distribution agreement with Mastercolor AB

Cereplast, Inc. has entered into a distribution agreement with Mastercolor AB in August 2011 to supply Cereplast bioplastic resins (picture) to the Scandinavian market. “This marks our seventh distribution agreement in Europe since the start of 2011 and reflects our growth strategy and continued commitment to expanding Cereplast’s distribution with local partners throughout the European continent,” said Frederic Scheer, Chairman and CEO of Cereplast, Inc. “The surge in demand for bioplastic materials in Europe has been fueled by new governmental policies, which started with restrictions on the use of traditional plastic bags and is now moving toward changes of the legislative landscape in the use of flexible and rigid packaging. European manufacturers are increasingly seeking out plastic alternatives to comply with these new regulations.”

According to a study by European Bioplastics, global bioplastics production will surpass the one million ton/year mark this year, with production more than doubling from 2010 - 2015. Mastercolor AB will supply distributors and manufacturers in the Scandinavian market with several grades of Cereplast compostable resins to replace traditional plastic resin in the manufacturing of products including bags, flexible packaging and in various food service ware applications for rigid applications. All Cereplast compostable resins are proprietary patented formulations, and include Ingeo PLA.

Mastercolor AB markets and distributes sustainable and compostable resins and masterbatches to the plastic processing industry in Scandinavia. It provides the sale of white, colored, additive and combination masterbatches. The company functions as a distributor for suppliers and producers that have an environmentally friendly strategy and are focused on producing low energy, consumable and environmentally friendly materials and products. Cereplast, Inc. , based in the USA, designs and manufactures proprietary biobased, sustainable plastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics.