A multilayer material is disclosed which consists of polyethylene foam sandwiched between two external layers of high-density polyethylene. A two-step manufacturing process for forming such a multilayer material is disclosed, which consists of (1) thermal bonding of a roll stock of PE foam with a roll stock of HDPE/LDPE laminate, followed by cutting into composites, and (2) thermal bonding of two composites to form a multilayer material.