OM Group, Inc. operates as a technology-driven industrial company worldwide. The company serves markets, including automotive systems, electronic devices, aerospace and defense, industrial, and medical. Strategy The company’s strategy is to grow organically through product innovation and new market and customer development; to grow strategically through synergistic acquisitions to build-out its growth platforms, and to maximize total stockholder returns through a combination of business growth, financial discipline, optimal deployment of capital and continued operational excellence. Segments The company’s segments include Magnetic Technologies, Battery Technologies, and Specialty Chemicals. Magnetic Technologies This segment develops, manufactures and distributes industrial-use magnetic materials and related products with differentiated magnetic and/or other performance properties. A majority of its products are specially designed and manufactured for specific customers. The company offers a range of magnetic technology products, from magnetically soft products to some of the permanent magnets. The company’s products are sold in a range of end markets, including automotive systems, electrical installation technology, industrial, retail and renewable energy. The company sells the majority of its products directly to original equipment manufacturers who incorporate them into their sub-assemblies and final assemblies. Magnetic Technologies uses various raw material inputs, including dysprosium and neodymium, to produce its products. Battery Technologies This segment provides advanced batteries, battery management systems, and energetic devices primarily for defense, space and medical markets. The company sells these products directly to customers who incorporate them into sub-assemblies. The business is also developing and commercializing products, technologies and applications for emerging markets, including commercial aerospace, alternative energy storage and oil and gas. The segment is a prime contractor or subcontractor for various U.S. Government programs, including U.S. Government customers. The segment focuses on developing new battery chemistries, expanding the markets it serves, developing products and technologies for emerging markets and applications. Specialty Chemicals This segment develops, produces and supplies chemicals for electronic applications; industrial applications including coatings, composites and tire; and photomasks used by customers to produce semiconductors and related products. The majority of the company’s products are sold directly to customers. Patents and Other Intellectual Property The company holds patents, registered primarily in Europe and the United States, relating to the formulation, content, manufacturing, processing and use of certain products, materials and chemistries. It also possesses other intellectual property, including trademarks, tradenames, know-how, developed technology and trade secrets. Research and Development The company’s research and development expenses were approximately $26.0 million in 2014. Acquisitions In 2014, the company completed the acquisition of Ener-Tek International, Inc., which operates under the brand name Yardney Technical Products (Yardney). Yardney is a designer, developer and manufacturer of lithium-ion and silver-zinc cells and batteries for niche applications in the defense and aerospace markets. History OM Group, Inc. was founded in 1991.
om group inc (OMG:New York Consolidated)
950 Main Avenue
Cleveland, OH 44113
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