FOR IMMEDIATE RELEASE: January 26, 2020
Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http:/www.Flamemaster.com
JOINT DEVELOPMENT WITH GROUPE SOCOMORE
We are very excited to announce that The Flamemaster Corporation has entered into various agreements including a joint development agreement with affiliates of Groupe Socomore for co-development of a range of new products. In addition, SocoFlame an affiliate of Groupe Socomore has acquired a minority stake of approximately 15.73% of the outstanding shares in Flamemaster. Flamemaster will benefit from Socomore’s global presence and expertise in Aerospace, strengthen marketing and maximize production capabilities. Flamemaster will also look to add its products to Socomore’s strong marketing platform.
Flamemaster is a Southern California based specialty chemicals manufacturer of high-performance sealants, adhesives and coatings, servicing the Aerospace, Defense, Energy and Transportation industries.
The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the Company and reflect future business decisions, which are subject to change.