Upon the closing of the transaction, the three divisions will be combined into an integrated, market-focused, and highly collaborative company. The name of the new company, Archroma, is representative of the organization’s mission to provide its customers with the highest levels of quality, reliability, innovation and customer delight.
To lead Archroma, SK Capital announced that they have brought together a skilled senior leadership team with significant experience in the chemicals and process industries who will work closely with the current heads of the three business units to ensure a smooth transition to an independent consolidated company.
The new members of the management team and their respective positions are:
Aaron Davenport, Managing Director at SK Capital, said: “We are pleased to bring together a highly skilled and seasoned leadership team that have proven track records of driving growth and improvement in the specialty chemicals industry.
"We are convinced that the combination of this new leadership team together with the strong management currently in place at the textiles, paper, and emulsions businesses will ensure a seamless transition for our customers as well as put the company in position to accelerate growth, enhance business process improvement and drive substantial innovation at Archroma in the future.”
Archroma will be a world-leading supplier of products and solutions to the textile, paper, adhesives, and coating industries with revenues of approximately $1.3 billion, 25 global manufacturing facilities, and approximately 3,000 employees.
The company will be headquartered in Switzerland and its Textile Specialties, Paper Solutions and Emulsions Products businesses will be managed, as they are today, from Singapore, Switzerland and Brazil respectively.