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June 30, 2015 11:24 PM ET

Chemicals

Company Overview of Reichhold Inc.

Company Overview

Reichhold Inc. manufactures and supplies unsaturated polyester resins, vinyl ester resins, and coating resins to the composite and coating industry. It offers resin products, gelcoats, and bonding pastes. The company provides solvent borne alkyds, alkyd latexes, waterborne and water-reducible alkyds, modified alkyds and copolymers, polyesters, urethanes, epoxies and epoxy curing agents, non-isocyanate 2K systems, styrenated and solution acrylics, acrylic polyols, non-styrenated and vinyl acrylics, phenolics, powder coating resins, and digital printing ink resins. It serves various markets, such as advanced composites, wind energy, high performance anti-corrosion, infrastructure, building and...

1035 Swabia Court

Durham, NC 27703

United States

Founded in 1927

Phone:

919-990-7500

Fax:

919-990-7749

Key Executives for Reichhold Inc.

Chairman, Chief Executive Officer and President
Senior Vice President of Corporate Services
General Counsel
Sales Director of North American Coatings
Vice President of Commercial for Europe
Compensation as of Fiscal Year 2014.

Reichhold Inc. Key Developments

Reichhold Mulls Acquisitions

Reichhold Inc. is seeking acquisitions. Chief Executive Officer John Gaither, said that following the restructuring, Reichhold was now better capitalised and had a solid financial foundation for future growth, including growth through acquisitions.

Reichhold Owners May Sell The Business To Another Firm

John Gaither, Chief Executive Officer of Reichhold Inc., said that Reichhold may be taken over by another firm at a later time. "I think acquisitions (by Reichhold) are probably more likely, but at some point in time, when the timing is right, our owners, who are investors, would want to sell the business, but probably not in the immediate future," he said.

PBGC Seeks To Acquire Reichhold

Pension Benefit Guaranty Corporation (PBGC)is officially taking over soon-to-be bankrupt Reichhold Inc.'s retirement plan. PBGC had announced its intention to take over the plan, which covers nearly 4,500 employees (current and former), says PBGC spokesperson Marc Hopkins. And, as bankruptcy proceedings continue, PBGC, a federal agency, is closer to the takeover. The process is still underway and, right now, Reichhold is still making payments to retirees.

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