The company's last cash dividend increase of 5.0% in October 2022 marked the 49th consecutive year of increased cash dividends paid to its stockholders, placing it in an elite category of less than half of 1% of all publicly traded U.S. companies.
“The recent leadership promotions in our organization represent our ongoing commitment to recognizing and developing top talent within the specialty chemical industry,” said Ron Zmich, Senior Vice President of Industrial Specialties.
With this acquisition, PureTech Scientific is positioning itself to become the global leader in organic synthesis of ultra-high purity alpha hydroxy acids for the life sciences and specialty chemical industries.
According to Palmer Holland, the restructuring reinforces the company’s focus on people, growth, and service. The restructuring includes the first ever Chief Human Resources Officer at Palmer Holland, among other changes.
Specifically focusing on Scott Bader’s composite and adhesives range, as well as functional polymers used widely in coatings, adhesives, sealants and elastomers, Biesterfeld Spezialchemie will be working with customers across a number of industrial markets on Scott Bader’s behalf.
Sanjeev Rastogi has been appointed and will serve as a member of the Executive Leadership Team, reporting directly to the company’s Chief Executive Officer (CEO), Marc Doyle.
The cogeneration system, which includes a steam turbine generator, uses the waste steam from the carbon black plant’s production process and converts it to electricity. The energy can be used to power the facility as well as be exported to the local grid.
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