Company News
March 15, 2019
Olin Names Varilek COO
Olin : Announces Appointment of Chief Operating Officer
CLAYTON, Mo., March 15, 2019 /PRNewswire/ — Olin Corporation (NYSE: OLN) announced that effective April 1, 2019 James A. Varilek, 60, is promoted to Executive Vice President and Chief Operating Officer.
In this new role, Mr. Varilek assumes overall operating responsibility for the Chemicals businesses including the Chlor Alkali Products & Vinyls, and Epoxy business segments. He retains responsibility for Olin Corporation’s Integrated Supply Chain and Global Real Estate and Services functions.
Jim has served as the Executive Vice President and President, Chlor Alkali Vinyls & Services of Olin Corporation since the acquisition of The Dow Chemical Company’s U.S. chlor alkali and vinyl, global chlorinated organics and global epoxy business in October 2015.
In November 2013, he was named President of Dow’s U.S. Chlor Alkali & Vinyl Business and in March 2015, he assumed additional responsibilities as Chief Operating Officer of Dow Chlorine Products. From December 2010 to November 2013, he was Business Vice President for the Dow Services Business, adding Vice President for Procurement in July 2013. From November 2008 to December 2010, he was Vice President for Business Services, Advanced Materials Division, and from February 2006 to November 2008, he was Vice President of Dow’s Global Supply Chain. Jim’s career began at The Dow Chemical Company in 1982.
Jim holds a bachelor’s degree in economics and a master’s degree in business administration from the University of Michigan.
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
2019-06
View original content to download multimedia:http://www.prnewswire.com/news-releases/olin-announces-appointment-of-chief-operating-officer-300812942.html
March 15, 2019
Olin Names Varilek COO
Olin : Announces Appointment of Chief Operating Officer
CLAYTON, Mo., March 15, 2019 /PRNewswire/ — Olin Corporation (NYSE: OLN) announced that effective April 1, 2019 James A. Varilek, 60, is promoted to Executive Vice President and Chief Operating Officer.
In this new role, Mr. Varilek assumes overall operating responsibility for the Chemicals businesses including the Chlor Alkali Products & Vinyls, and Epoxy business segments. He retains responsibility for Olin Corporation’s Integrated Supply Chain and Global Real Estate and Services functions.
Jim has served as the Executive Vice President and President, Chlor Alkali Vinyls & Services of Olin Corporation since the acquisition of The Dow Chemical Company’s U.S. chlor alkali and vinyl, global chlorinated organics and global epoxy business in October 2015.
In November 2013, he was named President of Dow’s U.S. Chlor Alkali & Vinyl Business and in March 2015, he assumed additional responsibilities as Chief Operating Officer of Dow Chlorine Products. From December 2010 to November 2013, he was Business Vice President for the Dow Services Business, adding Vice President for Procurement in July 2013. From November 2008 to December 2010, he was Vice President for Business Services, Advanced Materials Division, and from February 2006 to November 2008, he was Vice President of Dow’s Global Supply Chain. Jim’s career began at The Dow Chemical Company in 1982.
Jim holds a bachelor’s degree in economics and a master’s degree in business administration from the University of Michigan.
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
2019-06
View original content to download multimedia:http://www.prnewswire.com/news-releases/olin-announces-appointment-of-chief-operating-officer-300812942.html
March 15, 2019
IMCD Results
Rotterdam, The Netherlands (1 March 2019) – IMCD N.V. (“IMCD” or “Company”), a leading distributor
of speciality chemicals and food ingredients, today announces its full year 2018 results.
Highlights
• Revenue growth of 25% to EUR 2,379.1 million (+29% on a constant currency basis)
• Gross profit growth of 25% to EUR 536.1 million (+29% on a constant currency basis)
• Operating EBITA increased by 25% to EUR 202.1 million (+30% on a constant currency basis)
• Net result before amortisation and non-recurring items of EUR 139.7 million (2017: EUR 110.1 million)
• Cash earnings per share increased by 23% to EUR 2.53 (2017: EUR 2.06)
• Dividend proposal of EUR 0.80 in cash per share (2017: EUR 0.62)
Piet van der Slikke, CEO, commented: “2018 was an outstanding year for IMCD, with all our regions
contributing to this success. We achieved record growth as operating EBITA grew to EUR 202.1 million (+25%)
and cash earnings per share developed positively to EUR 2.53 (+23%). We have made good progress with the
integration of our existing businesses in the US and Canada and with the acquisition of E.T. Horn, enabling
IMCD US to become a nationally operating organisation. With our newly developed global digital infrastructure,
we will continue to enhance customer offerings. Despite today’s geopolitical uncertainties, we remain positive
about our ability to translate new opportunities into future growth.’’
https://www.imcdgroup.com/investors
March 15, 2019
IMCD Results
Rotterdam, The Netherlands (1 March 2019) – IMCD N.V. (“IMCD” or “Company”), a leading distributor
of speciality chemicals and food ingredients, today announces its full year 2018 results.
Highlights
• Revenue growth of 25% to EUR 2,379.1 million (+29% on a constant currency basis)
• Gross profit growth of 25% to EUR 536.1 million (+29% on a constant currency basis)
• Operating EBITA increased by 25% to EUR 202.1 million (+30% on a constant currency basis)
• Net result before amortisation and non-recurring items of EUR 139.7 million (2017: EUR 110.1 million)
• Cash earnings per share increased by 23% to EUR 2.53 (2017: EUR 2.06)
• Dividend proposal of EUR 0.80 in cash per share (2017: EUR 0.62)
Piet van der Slikke, CEO, commented: “2018 was an outstanding year for IMCD, with all our regions
contributing to this success. We achieved record growth as operating EBITA grew to EUR 202.1 million (+25%)
and cash earnings per share developed positively to EUR 2.53 (+23%). We have made good progress with the
integration of our existing businesses in the US and Canada and with the acquisition of E.T. Horn, enabling
IMCD US to become a nationally operating organisation. With our newly developed global digital infrastructure,
we will continue to enhance customer offerings. Despite today’s geopolitical uncertainties, we remain positive
about our ability to translate new opportunities into future growth.’’
https://www.imcdgroup.com/investors
March 14, 2019
Azelis Acquires Chemroy
Azelis strengthens its presence in Canada through the acquisition of Chemroy
11 March 2019
Azelis is delighted to announce it has acquired Chemroy, a Canadian distributor of specialty chemicals and food ingredients.
Highlights & rationale
• The transaction will place Azelis as one of Canada’s leading specialty distributors with a strong position in the CASE (coatings, adhesives, construction and ink), food, pharmaceutical, nutraceutical and personal care segments.
• Chemroy is complementary to Azelis in terms of markets served, principal relationships and product offering.
• Azelis has well established relationships with the majority of Chemroy’s principals.
The transaction sees Azelis acquire 100% of Chemroy Canada Holdings Inc. Chemroy was founded in 1967 and has 59 employees. Headquartered in Brampton, Ontario, Chemroy offers warehousing across Canada and has further offices in Laval, Quebec and Vancouver, British Colombia.
Commenting on the announcement, Frank Bergonzi, CEO and President Azelis Americas, says: “This transaction is an important milestone for Azelis in the Americas. Chemroy is a leading distributor of specialty chemicals and food ingredients in Canada, with an excellent reputation. We share similar values and culture, and this combination will ensure a more robust product portfolio to our customers.”
Hans Joachim Müller, Group CEO Azelis, adds: “With the acquisition of Chemroy, we establish a strong footprint in Canada. This is an excellent strategic fit and we are excited by the opportunity for further growth, in both Canada and the US. Chemroy’s activities in the food and nutraceutical markets will allow us to expand this segment, by leveraging our relationships with global partners.”
John Graham, President at Chemroy, concludes: “We are confident in the success of this acquisition, which is an exciting opportunity for our employees to join forces with an established global player in Azelis. We share similar strategies and culture and I am confident that Chemroy will continue to thrive under its new ownership.”
The acquisition of Chemroy illustrates the support provided by EQT since the initial acquisition of Azelis. EQT is confident that the expanded range of services and global reach provided by this acquisition will continue to bring benefits to customers and principals of the combined group.
https://www.azelis.com/en/news/azelis-strengthens-its-presence-canada-through-acquisition-of-chemroy
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