AKRON, OHIO, USA – May 12, 2020 – Responding to a global consolidation of cellulose sources, Akron, OH based Finite Fiber is proud to announce a formal representation agreement with Pennfield Supply, LLC, Manchester, NH.
Established in 1921, Finite Fiber has industry-leading knowledge and expertise in the application and production of custom natural and synthetic engineered fibers. Pennfield Supply brings strategically placed sales/distribution centers along with over 25 years of intimate knowledge and implementation experience with natural, organic cellulose in the myriad of products and industries in which it is used. The product line is being marketed under the registered name, PuriCel.
The signing of this agreement underscores Finite Fiber’s confidence in PENNFIELD as a strategic commercial partner and is an important action to securing a stronger and deeper position in the North American market for serving clients with Finite Fiber’s industry-leading filter media and functional additive products and services.
The new agreement with PENNFIELD covers sales & distribution of Finite Fiber’s wet filtration products and services in particular for the industrial, chemical and food industries – as well as distribution of Finite Fiber’s functional additives and precision cut natural and synthetic fiber additives which improve polymer product performance in the industrial materials sector.
“We are very pleased to partner with PENNFIELD in further developing the market in North America for Finite Fiber’s full range of liquid filtration products and services,” according to Keith Kleve, Finite Fiber’s President. Mr. Kleve added, “The announcement of our partnership with PENNFIELD is a part of a comprehensive strategic initiative to build deep local partnerships by offering customers supply options and solutions to customers’ advanced filtration needs.”
About FINITE FIBER
A global manufacturing authority in natural and synthetic technical fibers for enhanced polymer development, engineered products, filter media and functional additives. Finite Fiber also is a leader in the consumption of post-consumer materials which they re-purpose for the industrial, chemical, rubber and polymer compounding segments. Finite Fiber is a member of the DOWCO, LLC. family of companies.
“Finite Fiber’s most recent expansion into natural fiber and organically sustainable products with the PURICEL® purified powdered cellulose product line was in direct response to customer requests for a domestic alternative sourcing due to heavy market consolidation. With the team at PENNFIELD, we have now assembled an impressive team of market specialists who are proven industry professionals, dedicated to providing the service our customers desire”, according to Mr. Kleve.
About PENNFIELD SUPPLY
PENNFIELD a diversified holding company, is a business-to-business sales & distribution company with sales operations in New Hampshire, Arizona, Ohio and Texas. PENNFIELD markets natural fiber-based ingredient solutions to the Industrial, Chemical, Filtration, Building Materials, Food and Pet industries.
Mr. Kleve emphasized, “PENNFIELD understands, multiple sourcing strategies are critical to avoiding supply disruptions. There has been significant consolidation within the natural fiber industry, particularly through M&A over the last five years, which has dramatically reduced the supply options for many companies. In this landscape, Finite Fiber and PENNFIELD have taken a customer-centric approach to the business, returning product and service options to the marketplace and strengthening supplier customer relationships. The industry is turning to suppliers like Finite Fiber and distributors like PENNFIELD for help mitigating the risks caused by these consolidations.”
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