Reichhold declares Management Buyout Research Triangle Park, NC
13 Sep '05
4 min read
"Company has taken a market leadership position and focused on improving efficiencies in all areas of our operations. Financial results from the second half of 2004 and through the first half of 2005 show that company is once again on the right track. It is our intention to continue along this path in both the coatings and composites markets," said Gaither.
John S. Gaither is a polymer industry veteran who spent 32 years with Reichhold before leaving in 1998. He served in a number of senior management positions including president of three different Reichhold divisions, COO and Chairman of European Operations.
Continued Industry Leadership
Under its new ownership, Reichhold will continue to lead the global composites and coatings industries with new products, technical service and market development initiatives. Mr. Gaither said that the plans to continue expanding our reach through new technologies and applications. They don't plan to rest on our laurels. They want to assure our customers that Reichhold will continue to supply them with the industry-leading products, technical service and logistics upon which they have come to depend."
The immediate goals are simply to focus on the basics-to consistently deliver the products that meet our customers' needs: on-time, in-specification, and at a competitive cost. They plan to provide a challenging and rewarding work place for our 1600 employees around the world. Company new ownership role will not change the direction of the business, but certainly gives us a heightened sense of responsibility for serving all our stakeholders, concluded Gaither.
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