7-01-2008

Cannon USA Inc., the US-based subsidiary of the Cannon Group, and ESCO (Edge-Sweets Company) signed an agreement of reciprocal products distribution within USA and Canada.

Cannon USA (www.cannonusa.com) will promote and sell ESCO's line of low-pressure dosing machines for special applications, specifically conceived to dispense elastomer and filled formulations, as well as dedicated storage plants for PUR chemicals.
ESCO (www.edge-sweets.com ) will sell Cannon's line of high-pressure metering and mixing equipment and promote Cannon specific solutions for the automotive, appliances and insulation markets.  This agreement enhances the presence of both companies in North America, strengthening their customer support in providing technical service, spares parts and assistance with new projects and existing equipment.

Paolo Spinelli, President of Cannon USA, says: "We are proud to have signed this collaboration agreement that gives further strength to our 30 years presence in the North American market. Both ESCO and Cannon are well established companies with pioneering experience and presence in the polyurethane market; they have always been a reliable reference point for our industry, domestically and internationally. We believe that the synergies between the two companies will greatly benefit our customers, offering equipment and technological solutions that will satisfy a wide range of exigencies like no other competitor can provide."

ESCO President, Kevin Ryan, comments: "This is an exciting advancement for ESCO in the North American market with global impact. ESCO has been actively seeking a partner for high-pressure solutions and the agreement with Cannon USA gives us the solution to go forward. ESCO's strength in low pressure solutions for elastomeric and filled formulations as well as cutting equipment, complement Cannon’s product range in the high-pressure market to perfection. North American customers can now benefit from the experience of two of the market leaders collaborating in engineering, product development, sales and technical support."