October 2000 .
Chemicals, Inc. announced today that it is reorganizing its business
portfolio into four core segments as a result of the company's integration
of the former Hickson Protection and Coatings businesses. Michael E.
Campbell, Arch chairman, president and CEO stated, "We have completed
the Hickson acquisition, and the integration of those operations is
successfully underway and progressing very well. As a result of
integrating the companies, it was only natural that we would take a fresh
look at the company's organizational structure. At Arch, we are constantly
looking for ways to optimize our portfolio, and we are confident that our
streamlined organization will help us enhance shareholder value."
four segments are:
-- products and related equipment and services to provide people with
clean, safe water. Arch's portfolio includes HTH branded consumer pool
chemicals and chemicals and feeder technology for commercial pools,
drinking water and industrial applications.
Treatment -- Active ingredients and related services for industrial and
consumer products, which provide biocidal and other treatment
characteristics that, promote health, safety, and well being. Arch's
portfolio includes industrial biocides, wood treatment products and
services, and personal care biocides and other personal care
Performance -- chemistry and services for the coatings, adhesives,
sealant, and elastomer markets, making possible a vast array of products.
Arch's portfolio includes specialty polyols and coatings for wood
addition, Arch's businesses include Hydrazine and Sulfuric Acid, which
have traditionally been strong cash generators, permitting the company to
invest in the growth of its other businesses. Arch's portfolio also
includes the Hickson Organics division, which will be sold to a strategic
buyer. "I wish to commend our employees for staying focused during
the period of integration," said Mr. Campbell. "I am very
pleased with this simplified organization, and the experienced management
team appointed to leading our operations. I am confident that we have the
right team in place."
management appointments are:
Rushton remains VP and General Manager of the Water business.
Craney has been named VP and General Manager of the Treatment business.