ChemWorld
Published by Uniroyal Chemical Co. for its Employees and Retirees January 1990
Contents
’89 Quality Symposium . . . . . . . . 2
Uniroyal of Canada Awarded . . . 3
Preparing For Future Markets . . 4
Ingulli Plans Growth Strategy . . . 5
Simon Receives Career Award . . 6
ChemWorld Briefs . . . . . . . . . . . 8
New Chapter Unfolds Following Management Buyout
On Monday, October 30, 1989, Uniroyal Chemical Company completed the management buyout of the company from Avery, Inc. for a price of $800 million, which signifies the beginning of a new era for the company.
“This purchase has put Uniroyal Chemical’s future directly where it belongs: into the hands of those who know its business best — Uniroyal Chemical’s current management,” stated Uniroyal Chemical president and chief executive officer Robert J. Mazaika. “We believe this strengthens the company’s management position and will reinforce our reputation as an energetic, progressive and growing company with long-term vision toward the future.”
The new owners, an experienced management team with a high level of commitment to the company’s future financial success, intend to broaden its technical base and penetrate new growth markets that will enhance Uniroyal Chemical’s strategic position worldwide.
Over the past three years, the company has increased sales by 48 percent, maintained a high profit margin, and expanded its markets, both domestically and internationally.
“We intend to extend Uniroyal Chemical’s solid record of aggressive growth and build on our past sales successes,” said Mazaika. “We will be looking for more opportunities for joint ventures and licensing agreements.”
Today, Uniroyal Chemical holds leading marketing positions in many of its markets
TODAY, THE EMPLOYEES OF UNIROYAL CHEMICAL HAVE REASON TO CELEBRATE.
[IMAGE: Group photo of employees]
Announcing the Management Buyout of Uniroyal Chemical
UNIROYAL CHEMICAL’S MANAGEMENT ANNOUNCES A BUYOUT THAT’S NOT THE LEAST BIT HOSTILE.
[IMAGE: Corporate advertisement with Uniroyal Chemical logo]
The completed management buyout of Uniroyal Chemical from Avery, Inc. was supported by two strategic advertisements: the “Employee Ad” (on left) appeared in local newspapers that cover the company’s five manufacturing facilities in North America; the “Corporate Ad” (on right) appeared in major business and financial publications worldwide as well as in various industry publications.
and is recognized for quality products and services on an international level. In 1988, 65 percent of sales were from products with number one or number two market positions.
In the Crop Protection Division, Gustafson, Inc. (a wholly-owned subsidiary which sells agricultural chemicals to the seed treatment marketplace) is recognized as the technological leader and maintains a dominant market share of the North American commercial market.
In the Chemicals and Polymers Division, Uniroyal Chemical was the first company to enter the rubber chemicals business and is currently the second largest supplier of rubber chemicals in the world with over
100 different products.
The Specialties Division is marked by success and innovation. Research and Development teams are currently developing new products which are environmentally sound and have low to zero toxicity. New products can potentially add significantly to the company’s future growth.
On the international front, the company began joint ventures in Korea, India and Thailand, and has been discussing the licensing of its technologies in China and the Soviet Union. This further enhances the company’s ability to do business in 120 countries and increases its manufacturing capabilities on a global level.
For the future, the company is committing more funds than ever to both research and development and to manufacturing facilities to ensure that the growth of Uniroyal Chemical continues into the next century.
The increases in R&D and in the plants will mean more jobs and more opportunities for advancement.
And, the new corporate structure means greater independence and flexibility to meet and overcome any business challenge.
The company’s success and growth, however, is dependent on the most important element in the equation – people. According to Robert Mazaika, “every worker at every level is a valuable participant in the growth and ultimate success of the company, both financially and from a product standpoint. This is the key to our future position as a leader in worldwide specialty chemicals.” ■
UNIROYAL CHEMICAL