Out On Its Own
By: Chemical & Engineering News
View article here.
August 3, 2015
After 15 years as part of Dow, ANGUS CHEMICAL heads out as an independent firm.
For Mark Henning, and the men and women who work for him, the nitroalkanes producer ANGUS Chemical is a test case in an age-old business debate: Do businesses do better as part of big corporations or on their own?
Henning, 55, is chief executive officer of ANGUS, which has been a stand-alone company since February when Dow Chemical sold it to the private equity firm Golden Gate Capital for $1.2 billion. He’s determined to double ANGUS’s $500 million in annual sales in the next five years, a rate of growth that eluded the company when it was part of Dow.
“Do we have the potential to grow at double- digit rates? Absolutely,” Henning says emphatically. “There are a lot of distractions that come from being part of a $60 billion company that you no longer have when you’re on your own.”
About ANGUS Chemical Company
ANGUS Chemical Company (“ANGUS”) is a specialty and fine chemical company dedicated to the development of novel chemistry that helps customers deliver enhanced product and process performance. ANGUS is committed to constantly improving products and services by mastering science and technology. The company innovates through its unique nitroalkane chemistry, which harbors the reactivity to create complex molecules for use in a wide variety of applications. The innate characteristics of this chemistry enable multifunctional additives which improve performance, reduce reaction steps and cut synthesis costs.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $12 billion of capital under management. Golden Gate Capital is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types. Other notable mining and industrials investments sponsored by Golden Gate Capital include US Silica, EP Minerals, ArrMaz, Humanetics Innovative Solutions, Springs Window Fashions, Canada Fluorspar Inc. and Atrium Windows. For more information, visit www.goldengatecap.com.
Media for ANGUS Chemical Company:
Scott C. Johnson
Media for Golden Gate Capital:
Sard Verbinnen & Co
Nathaniel Garnick / Jenny Gore
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