Engel Acquires Equity in Omnexus; e-Marketplace Expands Beyond Resins

Apr 03, 2001, 01:00 ET from Omnexus

    ATLANTA, April 3 /PRNewswire/ -- Engel, a world leader in injection
 molding machinery has acquired an equity stake in Omnexus(TM), the B2B global
 plastics e-marketplace (www.omnexus.com).  Engel joins previously announced
 founding and leadership suppliers:  ATOFINA, BASF AG, Bayer AG, Biesterfeld,
 Clariant, Dow Chemical, DSM, DuPont, Ellis & Everard, PolyOne, Resinex &
 Ravago, Solvay and Ticona.
     "Engel's decision to make a financial investment in Omnexus demonstrates
 both its commitment and understanding of the approach that we are taking in
 regards to machinery," said Jonathan Greenspahn, vice president equipment,
 tooling, and MRO.  "We are both excited and pleased that Engel has seen the
 value that Omnexus can bring to machinery suppliers and plastics processors."
     Engel is the first equipment supplier announced by Omnexus, and clearly
 demonstrates the intention of Omnexus to expand its business model far beyond
 resins.  Omnexus members will now have the ability to select, compare and
 purchase a wide range of injection molding machines as well as purchase resins
 and search for content.  Additionally, Omnexus expects to announce new
 technological capabilities in the near future that will provide functionality
 to address the equipment, tooling and MRO needs of plastics processors.
     "Developing processes to simplify business, ordering and communication
 systems is consistent with our customer strategy," stated Dr. Peter Neumann,
 president of Engel.  "Omnexus and their focus on meeting the total needs of
 the plastics processor will make it possible for customers to utilize their
 technical requirements to create the best plastic machine solution from
 Engel."
     With the addition of Engel to the ranks of equity holders, Omnexus
 currently has a total of 14 global companies with a financial stake.  There
 are now more than 20 global suppliers who will sell products through Omnexus,
 furthering Omnexus' position as the total solutions e-marketplace for the
 global plastics industry.  Omnexus suppliers are resin, additive, and
 equipment producers or distributors that are strategically located worldwide
 to establish a global presence for Omnexus.
     Register at www.omnexus.com
 
     About Omnexus
     Omnexus is a global, neutral online marketplace focused on delivering
 products and related services to the plastics industry.  Omnexus currently
 consists of more than 20 global suppliers, including: ATOFINA, BASF AG, Bayer
 AG, Biesterfeld, Clariant, Dow Chemical, DSM, DuPont, Ellis & Everard, Engel,
 PolyOne, Resinex & Ravago, Solvay and Ticona, with new suppliers continually
 added.  The Omnexus site, which provides a single point of connectivity for
 plastics processors and suppliers, is now operational in the United States,
 has an online catalog in four languages in Europe, and will serve Asia and the
 rest of the world by end of 2001.  Global headquarters for the company is
 Zurich, Switzerland. In the U.S., Omnexus operates from Atlanta, Ga.
 
     About Engel
     Engel designs and manufactures injection molding machines from 28 to
 6000 US tons, and a complete line of part-handling automation.  The company
 combines its unique machine technology with leading processing expertise to
 deliver Engineered Molding Solutions(TM) for plastics and rubber processors
 worldwide.  Engel global molding solutions are backed by six manufacturing
 facilities throughout Europe and North America, and customer support in
 virtually every industrialized country.
 
      CONTACT:
      Missy Herndon, missy@vollmerpr.com      Michael Thaler
      Pat Frank, pat@vollmerpr.com            michael.thaler@omnexus.com
      VOLLMER                                 Omnexus
      713-546-2230                            678-657-7546
 
 

SOURCE Omnexus
    ATLANTA, April 3 /PRNewswire/ -- Engel, a world leader in injection
 molding machinery has acquired an equity stake in Omnexus(TM), the B2B global
 plastics e-marketplace (www.omnexus.com).  Engel joins previously announced
 founding and leadership suppliers:  ATOFINA, BASF AG, Bayer AG, Biesterfeld,
 Clariant, Dow Chemical, DSM, DuPont, Ellis & Everard, PolyOne, Resinex &
 Ravago, Solvay and Ticona.
     "Engel's decision to make a financial investment in Omnexus demonstrates
 both its commitment and understanding of the approach that we are taking in
 regards to machinery," said Jonathan Greenspahn, vice president equipment,
 tooling, and MRO.  "We are both excited and pleased that Engel has seen the
 value that Omnexus can bring to machinery suppliers and plastics processors."
     Engel is the first equipment supplier announced by Omnexus, and clearly
 demonstrates the intention of Omnexus to expand its business model far beyond
 resins.  Omnexus members will now have the ability to select, compare and
 purchase a wide range of injection molding machines as well as purchase resins
 and search for content.  Additionally, Omnexus expects to announce new
 technological capabilities in the near future that will provide functionality
 to address the equipment, tooling and MRO needs of plastics processors.
     "Developing processes to simplify business, ordering and communication
 systems is consistent with our customer strategy," stated Dr. Peter Neumann,
 president of Engel.  "Omnexus and their focus on meeting the total needs of
 the plastics processor will make it possible for customers to utilize their
 technical requirements to create the best plastic machine solution from
 Engel."
     With the addition of Engel to the ranks of equity holders, Omnexus
 currently has a total of 14 global companies with a financial stake.  There
 are now more than 20 global suppliers who will sell products through Omnexus,
 furthering Omnexus' position as the total solutions e-marketplace for the
 global plastics industry.  Omnexus suppliers are resin, additive, and
 equipment producers or distributors that are strategically located worldwide
 to establish a global presence for Omnexus.
     Register at www.omnexus.com
 
     About Omnexus
     Omnexus is a global, neutral online marketplace focused on delivering
 products and related services to the plastics industry.  Omnexus currently
 consists of more than 20 global suppliers, including: ATOFINA, BASF AG, Bayer
 AG, Biesterfeld, Clariant, Dow Chemical, DSM, DuPont, Ellis & Everard, Engel,
 PolyOne, Resinex & Ravago, Solvay and Ticona, with new suppliers continually
 added.  The Omnexus site, which provides a single point of connectivity for
 plastics processors and suppliers, is now operational in the United States,
 has an online catalog in four languages in Europe, and will serve Asia and the
 rest of the world by end of 2001.  Global headquarters for the company is
 Zurich, Switzerland. In the U.S., Omnexus operates from Atlanta, Ga.
 
     About Engel
     Engel designs and manufactures injection molding machines from 28 to
 6000 US tons, and a complete line of part-handling automation.  The company
 combines its unique machine technology with leading processing expertise to
 deliver Engineered Molding Solutions(TM) for plastics and rubber processors
 worldwide.  Engel global molding solutions are backed by six manufacturing
 facilities throughout Europe and North America, and customer support in
 virtually every industrialized country.
 
      CONTACT:
      Missy Herndon, missy@vollmerpr.com      Michael Thaler
      Pat Frank, pat@vollmerpr.com            michael.thaler@omnexus.com
      VOLLMER                                 Omnexus
      713-546-2230                            678-657-7546
 
 SOURCE  Omnexus