Sydney, Australia -- Australian Urethane Systems and Foam supplies Inc. have signed a new deal, increasing AUS' distribution right for FSI's ecomate blowing agent to China, India, MEAF, and South Africa.
AUS originally bought the right to distribute the product in New Zealand, Australia, and Asia pacific but FSI has granted the company a further license due to its "technical expertise and ability to support the new regions," said AUS, in a 22 Nov statement.
The purchase price of the deal, which is for a minimum of 10 years, was undisclosed.
AUS said in the statement that both companies are enthusiastic about the opportunities and possibilities that lie ahead in this newly formed relationship.
The statement said that AUS will market the product under the name AUS - ecomate Asia Pacific, in the newly added regions. ss