Materia Extends Distribution Agreement With Sigma-Aldrich To 10 More Years

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8/16/2012 6:47 AM ET

Materia, Inc, a catalyst technology company, Thursday extended its catalyst distribution agreement with chemical technology company Sigma-Aldrich Corp. (SIAL: Quote) for a further 10 years. As per the new agreement, Aldrich Chemical Co. LLC will continue to use permission to market patented-Materia Grubbs Catalyst world-over.

John Kibler, vice president of Business Development - Grubbs Catalyst Technology at Materia noted, "Sigma-Aldrich' strong channels provide innovators in the chemical, polymer, and pharmaceutical industries with straightforward catalyst access, which in turn enables a robust pipeline of win-win opportunities."

On Wednesday, Sigma-Aldrich Corp closed at $71.83 on the Nasdaq.

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