Elemica and RubberNetwork Merge

FRANKFURT, LONDON, SEOUL, South Korea, SHANGHAI, TOKYO and SINGAPORE -

- Combined supply chain service providers means greater cost savings opportunities for global manufacturers

Elemica, a leading global supply chain services provider, and RubberNetwork, a global sourcing and supply chain company today announced that they have merged. The combined company, which will continue to operate under the name Elemica, will provide even greater supply chain efficiencies and cost savings for global manufacturers who are looking to gain a competitive advantage in today’s challenging marketplace. Positive results are expected quickly as the combined product portfolio provides a complete suite of capabilities to unlock cash in the supply chain for the company’s clients.

Elemica is the leader in supply chain integration and execution, with a significant presence in the chemical industry. RubberNetwork is the leader in sourcing and supply chain integration for the global tire & rubber industry. The two highly complementary companies have joined forces to deliver closer collaboration for global manufacturing supply chain partners. RubberNetwork’s comprehensive sourcing services united with Elemica’s robust supply chain network will prove valuable to the combined client base as well as new customers that the company is expecting to sign.

“The products of both Elemica and RubberNetwork are similar but not overlapping, we provide outstanding supply chain services to our blue chip clients, and we complement each other in the industries in which we operate,” said Mike McGuigan, President and CEO of Elemica, who will continue to serve in this role for the combined company. “This merger creates exceptional opportunities for our current clients and new manufacturing customers globally to drive greater efficiencies in their businesses. In turn, this will further enhance the growth of our company,” continued Mike.

“The combination of Elemica and RubberNetwork makes great business sense,” said Phil Ringo, CEO of RubberNetwork. “We have successfully worked together for many years and share common values. Shareholders are committed to sustaining the values that led to our individual success and to leveraging the strengths of the united company to deliver greater value to our customers. I believe this company will be a global powerhouse with immediate benefit for existing and new customers, as well as for the skilled teams from each company.”

Elemica and RubberNetwork enable collaboration for buyers, suppliers, and logistics service providers and facilitate stronger relationships through exceptional Business-to-Business integration. Cost reduction and performance improvement goals for their customers are enhanced through the integration of the companies’ individual capabilities. Ultimately, Elemica will have approximately 2,500 partners connected to its supply chain network. The company integrates dissimilar business systems into one unified network across all customers, suppliers and third party providers, irrespective of company size or industry, helping companies cut structural costs from the supply chain. Savings are realized through seamless execution of business processes such as order-to-invoice, procure-to-pay, and logistics, resulting in error reduction and lowered inventories. Sourcing services allow customers to reduce procurement costs primarily for indirect materials and services using online bidding technology, negotiation strategies and targeted benchmarking.

The global footprint of the merged company includes offices in Atlanta, Amsterdam, Frankfurt, London, Seoul, Shanghai, Singapore, and Tokyo. Headquarters will remain in Exton, Pennsylvania. Financial terms of the merger were not disclosed.

About Elemica

Elemica is the leading supply chain integration company with roots in the chemical and oil industries. Elemica unites global supply chain partners and provides a true framework of ‘Connect Once. Connect to All.’ Elemica annually processes over US$50 billion in annual transactions across multiple industries. Clients include Arkema, BASF, BP, Dow, DuPont, Lanxess, Rohm and Haas, and Shell. For more information, visit www.Elemica.com.

About RubberNetwork

RubberNetwork is a leading global sourcing and supply chain services company in the tire and rubber industries. RubberNetwork’s customers benefit from collective resources to exceed individual capabilities. RubberNetwork has sourced about US$10 billion in spend with savings of approximately US$1 billion. Transactions worth about US$10 billion are handled through the company’s supply chain network. Clients include Continental, Cooper, Goodyear, Hankook, Kumho, Michelin, Pirelli, Sumitomo, Toyo and Yokohama. For more information, visit www.RubberNetwork.com.

Additional Information

Additional information or questions about the merger can be obtained by contacting info@Elemica.com, or by visiting www.Elemica.com. Media inquiries may contact mediarelations@Elemica.com.

Source: Elemica

For more information contact: Becky Boyd, MediaFirst PR - Atlanta, +1-770-642-2080 x 214, becky at mediafirst.net