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.”
Media for ANGUS Chemical Company:
Scott C. Johnson
Media for Golden Gate Capital:
Sard Verbinnen & Co
Nathaniel Garnick / Jenny Gore
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