Gholi Darehshori, president of Peninsula Polymers, Inc. (PPI), and Charles E. Bennett, CEO of Cook Composites and Polymers Co. (CCP), announced the formation of their North America coatings distribution joint venture. The new entity will retain the name Peninsula Polymer, Inc., and is expected to continue to represent its existing principals, as well as to add other complementary lines. Existing PPI warehouse network and distribution coverage will be consolidated in areas where there may be current overlap with CCP, and will be expanded wherever there may be incomplete geographic coverage.
“We are extremely excited about this partnership with a strong international, technically advanced coatings resin organization such as Cook Composites and Polymers,” Mr. Darehshori stated. “This venture will allow us to expand our product lines to include other CCP/Cray Valley coatings products, and extends our technical service capabilities to our customers.”