March 8, 2019
The Urethane Blog
Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
March 14, 2019
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
March 14, 2019
History In Pictures @HistoryInPics 30 minutes ago
Five Australian former POWs catch up on news, after their release from Japanese captivity in Singapore, Sep 1945
March 14, 2019
History In Pictures @HistoryInPics 30 minutes ago
Five Australian former POWs catch up on news, after their release from Japanese captivity in Singapore, Sep 1945
March 13, 2019
Job growth breaks 45-year NFIB record
By NFIB,
Job creation among small businesses broke the 45-year record in February with a net addition of 0.52 workers per firm, according to NFIB’s monthly jobs report, released today. The previous record was in May 1998 at 0.51 workers per firm. The percent of owners citing labor costs as their most important problem also hit an all-time high, with 10 percent of owners reporting labor costs as their biggest problem.
“Small businesses are creating new jobs at an all-time high, which has massive implications for the economy since two of every three new jobs is created by a small business,” said NFIB President and CEO Juanita Duggan. “Owners are doing everything they can to hold onto the employees they have, while trying to produce effectively without a full staff.”
Up one point from January, 57 percent of owners reported hiring and trying to hire, with 49 percent of those owners reporting few or no qualified applicants for open positions. Owners again cited the difficulty of finding qualified workers as their Single Most Important Business Problem at 22 percent, only three points below the record high. Thirty-seven percent reported job openings they could not fill in the current period, two points below the record high.
“With the government shutdown behind us, the labor markets will get back to normal,” said NFIB Chief Economist Bill Dunkelberg. “However, it appears that the shortage of workers will continue to restrain Main Street growth. If businesses were fully staffed, more could be produced and sold. Owners are reporting increasing employment at their firms at the highest rates in survey history, now they just need workers to fill them.”
The February jobs report showed that owners are still planning to expand their workforce with a seasonally-adjusted 16 percent of owners planning to create new jobs in the next three months. Job creation plans were strongest in construction (net 42 percent) and manufacturing (net 28 percent). Along with creating new jobs, owners continued to increase employee compensation at a solid rate. In February, a net 31 percent reported higher compensation and a net 18 percent planned increases in the next few months.
The labor markets are tight for both skilled and unskilled workers. Thirty-one percent of owners reported openings for skilled workers, and 14 percent reported openings for unskilled labor.
March 13, 2019
Job growth breaks 45-year NFIB record
March 8, 2019
By NFIB,
Job creation among small businesses broke the 45-year record in February with a net addition of 0.52 workers per firm, according to NFIB’s monthly jobs report, released today. The previous record was in May 1998 at 0.51 workers per firm. The percent of owners citing labor costs as their most important problem also hit an all-time high, with 10 percent of owners reporting labor costs as their biggest problem.
“Small businesses are creating new jobs at an all-time high, which has massive implications for the economy since two of every three new jobs is created by a small business,” said NFIB President and CEO Juanita Duggan. “Owners are doing everything they can to hold onto the employees they have, while trying to produce effectively without a full staff.”
Up one point from January, 57 percent of owners reported hiring and trying to hire, with 49 percent of those owners reporting few or no qualified applicants for open positions. Owners again cited the difficulty of finding qualified workers as their Single Most Important Business Problem at 22 percent, only three points below the record high. Thirty-seven percent reported job openings they could not fill in the current period, two points below the record high.
“With the government shutdown behind us, the labor markets will get back to normal,” said NFIB Chief Economist Bill Dunkelberg. “However, it appears that the shortage of workers will continue to restrain Main Street growth. If businesses were fully staffed, more could be produced and sold. Owners are reporting increasing employment at their firms at the highest rates in survey history, now they just need workers to fill them.”
The February jobs report showed that owners are still planning to expand their workforce with a seasonally-adjusted 16 percent of owners planning to create new jobs in the next three months. Job creation plans were strongest in construction (net 42 percent) and manufacturing (net 28 percent). Along with creating new jobs, owners continued to increase employee compensation at a solid rate. In February, a net 31 percent reported higher compensation and a net 18 percent planned increases in the next few months.
The labor markets are tight for both skilled and unskilled workers. Thirty-one percent of owners reported openings for skilled workers, and 14 percent reported openings for unskilled labor.
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