Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 11, 2016 3:19 PM ET

Chemicals

Company Overview of MacDermid, Incorporated

Company Overview

MacDermid, Incorporated researches, develops, acquires, manufactures, markets, and services specialty chemicals and systems. The company offers surface and coating materials; water-based hydraulic control fluids; and surface finishes for electronic devices. It also provides dynamic chemistries for finishing, cleaning, and providing surface coatings for various metal and non-metal surfaces. Its dynamic chemistries are used in automotive parts, industrial parts, transportation equipment, electronics equipment, and appliances and plumbing goods. In addition, it provides chemical compounds for surface coating applications, including cleaning, activating, polishing, electro and electroless platin...

245 Freight Street

Waterbury, CT 06702

United States

Founded in 1922

Phone:

203-575-5700

Key Executives for MacDermid, Incorporated

President
Vice President, General Counsel and Corporate Secretary of Platform
Age: 52
Executive Vice President of Advanced Surface Finishing and Printing Solutions Asia
Executive Vice President
Vice President of Business Development - MacDermid Offshore Solutions
Compensation as of Fiscal Year 2015.

MacDermid, Incorporated Key Developments

MacDermid, Incorporated Announces Board Changes, Effective February 20, 2015

MacDermid, Incorporated announced the promotion of Scot Benson to the role of president of MacDermid, effective February 20, 2015. In his new capacity, Benson will have global responsibility for all MacDermid's operations consisting of Performance Materials and Graphic Solutions, including the Offshore Solutions and Autotype businesses. Benson will report to Wayne Hewett, newly-appointed president of platform. Benson has had a distinguished 16-year tenure, most recently as group president of Advance Surface Finishing (ASF) and Printing Solutions. Benson assumes the responsibility from Daniel H. Leever who led MacDermid for 25 years. The company also announced the retirement of Mark Hollinger.

Platform Specialty Products Corporation and MacDermid, Incorporated Enter into Second Amended and Restated Credit Agreement Agreement

On October 1, 2014, Platform Specialty Products Corporation, MacDermid, Incorporated and together with Platform, MacDermid Holdings, LLC, certain subsidiaries of Holdings and Platform party thereto, Barclays Bank PLC, as collateral agent and administrative agent and the lenders party thereto, entered into an incremental amendment to that certain second amended and restated credit agreement dated as of August 6, 2014 among the Borrowers, the Agent, the lending institutions from time to time parties thereto and the other agents and entities party thereto. The Credit Agreement, as amended by the Incremental Amendment, provides for a senior secured credit facility consisting of U.S. Dollar term loans in an aggregate principal amount of $1,055 million, a U.S. Dollar revolving credit facility in an aggregate principal amount of $25 million, and a multi-currency revolving credit facility in an aggregate principal amount of $25 million. Except as in the Incremental Amendment, the New USD Term Loans have identical terms as the Existing Term Loans, including a maturity date of June 7, 2020. Holdings and certain restricted subsidiaries of the Borrowers and Holdings acting as guarantors under the Credit Agreement will guarantee the Borrowers' obligations under the New USD Term Loans. The New USD Term Loans will also be secured by the collateral pledged by the Borrowers and the Guarantors under the Security Agreement.

Platform Specialty Products Corporation Reports Consolidated Earnings Results for the Full Year Ended December 31, 2013

Platform Specialty Products Corporation reported consolidated earnings results for the full year ended December 31, 2013. For the year, the company reported net cash flows provided by operating activities were $7.410 million against $75.176 million a year ago. Capital expenditures were $2.263 million against $13.399 million a year ago. Net sales were $118.239 million against $731.220 million a year ago. Operating loss was $195.632 million against profit of $115.097 million a year ago. Loss from continuing operations before income taxes, non-controlling interest and accumulated payment-in-kind dividend on cumulative preferred shares was $201.444 million against income of $70.939 million a year ago. Net loss attributable to common shares Shareholders was $194.222 million or $2.10 diluted per share against income of $45.977 million a year ago. On a combined basis, Platform reported net sales of $746.0 million for the full year 2013, representing 2.0% organic growth compared to $731.2 million in net sales for MacDermid in 2012, driven mainly by growth in the Performance Materials segment. Net sales to targeted strategic end markets, which represent upstream opportunities in current markets or opportunities to enter markets adjacent to those Platform currently serves, were approximately 10% of combined net sales for 2013. Combined net loss was $181.0 million for the year ended 2013 compared to net income of $46.0 million in 2012. On a combined basis, as adjusted earnings per diluted share for 2013 was $0.68. Combined as adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the full year 2013 was $180.1 million, up 11% compared to the Predecessor's adjusted EBITDA of $162.4 million in 2012. On non-GAAP basis, net loss was $181.0 million against income of $46.0 million a year ago. Adjusted EBITDA was $180.1 million against $162.4 million a year ago. Gross capital expenditures were $10.8 million against $13.4 million a year ago. Net sales were $745.951 million against $731.220 million a year ago. Operating loss was $103.885 million against profit of $147.897 million a year ago. Loss from continuing operations before income taxes, non-controlling interest and accumulated payment-in-kind dividend on cumulative preferred shares was $174.969 million against profit of $116.876 million a year ago. Net loss attributable to common shares Shareholders was $181.003 million or $1.96 diluted per share against profit of $78.018 million a year ago.

Similar Private Companies By Industry

Company Name Region
Alliance Manufacturing Corp. United States
Color Converting Inc. United States
HzO, Inc. United States
Corpex Technologies, Inc. United States
Griffin LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact MacDermid, Incorporated, please visit www.macdermid.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.