Phoenix Firm To Distribute Hi-MACS Line
Englewood Cliffs, NJ LG Chemical America, Inc., the manufacturer
of the Hi-MACS acrylic solid surfacing product line, has appointed
a leading Phoenix, AZ-based distribution firm as its new North
American master distributor, the company announced.
LG Chemical America, which is headquartered here, said last month that its appointment of The Premium Solid Source "is in the best interest of both LG Chemical America Inc. and the valuable customers of our Hi-MACS products."
"We are currently working closely with The Premium Solid Source to establish an inventory level in the marketplace that will enable us to grow our market share and ensure prompt delivery of our products," said LG Chemical America president K.S. Park.
Park added that the company has already "delivered a substantial amount of products into North America, and anticipates establishing sufficient inventories" to meet market demand in the near future.
LG Chemical America has been involved in a legal dispute with the company that, until recently, had been serving as its exclusive U.S. sales, marketing and distribution arm. At issue is whether or not LG Chemical America and its parent company, the Korean-based LG Chemical Ltd., breached its contract or was justified in its decision earlier this year to terminate its relationship with the Tampa, FL-based Decorative Laminates, Inc. (DLI), formerly known as LG Decorative Surfaces.
DLI, operating as LG Decorative Surfaces, had been acting as the sales and marketing arm, and the exclusive North American distributor, of Hi-MACS for some 30 months, until mid-2000. In that time, Hi-MACS sales in North America had risen from about $1.4 million in 1998 to $13 million in 1999, according to DLI. Hi-MACS sales for 2000 have been projected at some $25 million by DLI.