March 06, 2015 6:39 AM ET

Chemicals

Company Overview of Platform Specialty Products Corporation

Company Overview

Platform Specialty Products Corporation develops, produces, and markets a range of specialty chemical and printing products in the Americas, Asia, and Europe. The company’s Performance Materials segment provides plating products, which are used to plate holes drilled through printed circuit boards; circuit formation products to promote adhesion and form circuit patterns; functional conversion coatings for industrial applications; final finishes, which are used on printed circuit boards; electroless nickel products that are applied to metal and plastic surfaces; and oxides, which are conversion coatings used in the fabrication of multilayer circuit boards. This segment also provides decorativ...

5200 Blue Lagoon Drive

Suite 855

Miami, FL 33126

United States

Founded in 1922

2,000 Employees

Phone:

203-575-5850

Key Executives for Platform Specialty Products Corporation

Vice Chairman, Chief Executive Officer and President
Age: 65
Total Annual Compensation: $843.8K
Chief Financial Officer and Senior Vice President
Age: 44
Total Annual Compensation: $337.5K
Vice President of Legal and Secretary
Age: 51
Total Annual Compensation: $316.3K
Compensation as of Fiscal Year 2013.

Platform Specialty Products Corporation Key Developments

Platform Specialty Products Intends to Issue Senior Notes Due 2022

Platform Specialty Products intends to raise funds to help finance a large portion of its planned $3.5 billion acquisition of Arysta LifeScience. Platform would offer $500 million of senior notes due 2022 and €350 million of senior notes, also due 2022, in a private offering, subject to market and other customary conditions.

Platform To Raise Funds For Arysta

Platform Specialty Products Corporation (NYSE:PAH) intends to raise funds to help finance a large portion of its planned $3.5 billion acquisition of Arysta LifeScience Corporation. Platform said that it would offer $500 million of senior notes due 2022 and a 350 million of senior notes, also due 2022, in a private offering, subject to market and other customary conditions.

Platform Specialty Products Corporation Reports Unaudited Consolidated Earnings Results for the Nine Months Ended November 30, 2014

Platform Specialty Products Corporation reported unaudited consolidated earnings results for the nine months ended November 30, 2014. For the period, the company reported sales of $1,062,212,000 against $1,034,932,000 a year ago. Operating income was $112,434,000 against $121,309,000 a year ago. Income before tax from continuing operations was $19,663,000 against $41,056,000 a year ago. Net loss was $35,282,000 against $23,875,000 a year ago. Net cash flows used from operating activities was $72,191,000 against $66,995,000 a year ago. The $5.2 million increase in cash used for operating activities was due primarily to $12.6 million increase in working capital adjustments resulting from the payment of other current liabilities offset by better management of inventory levels and accounts payable. Purchase of property, plant and equipment was $12,329,000 against $5,666,000 a year ago. Purchase of intangible assets was $10,549,000 against $6,987,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 20, 2014
Arysta LifeScience Limited
Private Placement
September 30, 2014
--
Private Placement
May 6, 2014
--
 

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