July 26, 2016 4:25 PM ET

Chemicals

Company Overview of SI Group, Inc.

Company Overview

SI Group, Inc. develops and manufactures chemical intermediates, and specialty resins and solutions for industrial and consumer goods worldwide. The company focuses on market segments, such as rubber resins, antioxidants, fuels and lubricants, plastic additives, industrial resins, health and wellness products, adhesive resins, surfactants, engineering plastics, and pharma and specialty products. It offers adhesives, such as contact cement, pressure sensitive adhesives, reactive adhesive, and solvents; a line of polymer, lubricant, and fuel antioxidants; and engineering plastics, including monomers and modifiers, and chain terminators. The company also offers fuels and lubricants, such as oil...

2750 Balltown Road

Schenectady, NY 12301

United States

Founded in 1906

Phone:

518-370-4200

Fax:

518-346-6908

Key Executives for SI Group, Inc.

Chief Executive Officer and President
Age: 56
Chief Financial Officer, Senior Vice President and Treasurer
Vice President and General Counsel
Senior Vice President of North America and Global Key Accounts
Age: 51
Compensation as of Fiscal Year 2016.

SI Group, Inc. Key Developments

SI Group, Inc. Appoints Shane D. Fleming to Board of Directors

SI Group, Inc. announced the appointment of Shane D. Fleming to the company’s board of directors. Mr. Fleming brings with him over 35 years of experience in the chemical industry, having recently retired from Cytec Industries following the 2015 acquisition of Cytec by Solvay S.A. Mr. Fleming served as Chairman of the Board, President, and CEO for Cytec Industries for seven years.

SI Group Plans to Construct $30 Million Oilfield Resin Manufacturing Facility

SI Group has announced plans to construct a $30 million oilfield resin manufacturing facility. The new plant will be built in the Gulf Coast region of the U.S., and is scheduled for commissioning in early 2018. The new facility wills double the company’s capacity to roughly 20,000 metric tons. To further support this growing market, the company has established an Oilfield Center of Competenece, a technology hub focused on research and development efforts to facilitate oilfield chemistry innovation. SI Group’s oilfield solutions increase the efficiency of oil production through increased oil processing rates. The company’s growing portfolio of oilfield solutions includes demulsifiers, flow assurance intermediates, and alkylphenols for enhanced oil recovery.

SI Group Announces Management Appointments

SI Group, Inc. named Christopher Cornille as Vice President, Supply Chain Services, responsible for global supply chain optimization. Cornille will lead a multi-functional team focused on the global sourcing of raw materials, optimizing the company’s robust network of manufacturing locations, and utilizing innovative technology and systems to maximize efficiencies. His work is anticipated to also expedite the integration of future acquisitions, which are part of the company’s Vision 2020 strategy. Cornille joined SI Group in 2010 as Director of Sales for North America. Thomas Masterson has been named Vice President and General Counsel, responsible for global legal affairs; regulatory affairs; and corporate governance of environmental, health, and safety. In addition to continuing to lead the company’s legal department, Masterson will focus on providing central governance and training on the ever-changing global regulatory landscape. Masterson joined SI Group in 2006 as the company's first in-house attorney.

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Recent Private Companies Transactions

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