OM Group
| OM Group, Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1991 |
| Seat | Cleveland , United States |
| management | Jim Voss ( CEO ) |
| Branch | chemistry |
| Website | www.omgi.com |
OM Group, Inc. was a specialty chemicals company headquartered in Cleveland , Ohio , USA with manufacturing facilities in Europe, Asia and America. The company was listed on the New York Stock Exchange and had around 2900 employees before Vacuumschmelze took over . OMG Kokkola Chemicals OY in Kokkola , Finland was the world's largest producer of cobalt in 2010 with a volume of 9299 tons .
Foundation and company history
OM Group was founded in 1991 through the merger of the American Mooney Chemicals, Inc. with Outokumpu 's Kokkola Chemicals Oy in Finland and Vasset, SA in France as the Outokumpu Mooney Group. In 1993 Outokumpu floated 96% of the group, with 4% remaining in the hands of James Mooney.
In 2007 Joseph M. Scaminace announced a long-term growth plan through product innovations and tactical and strategic acquisitions:
- Expansion of competencies in particle control and surface modifications as well as in highly pure, functional organic and inorganic products.
- Expansion of the existing sales market and the customer base into neighboring markets.
- Expansion of the product portfolio and technologies in the areas of portable power (“portable energy”), electronic chemicals (chemicals for the electronics industry), catalysts (catalysts) and advanced materials .
Milestones
1996: Purchase of the company SCM Metal Products, Inc.
2000: purchase of the nickel plant of Outokumpu in Harjavalta Finland
2000: acquisition of Metallorganiksparte of Rhodia
2001: acquisition of Degussa Metals Catalysts Cerdec AG (dmc 2 )
2003: sale of the precious metal group, including dmc 2 to The Belgian Umicore
2006: Sale of the nickel activities to Norilsk Nickel
2006: Takeover of Plaschem Specialty Products Pte Ltd
2007: Expansion of the cooperation with QuantumSphere, Inc.
2007: Takeover of the additive manufacturer Borchers GmbH from Lanxess
2007: Takeover of electronics Division of Rockwood Holdings, Inc.
2009: Acquisition of battery manufacturer EaglePicher Technologies, LLC from EaglePicher Corporation
2012: Acquisition of Vacuumschmelze from One Equity Partners
2011: Acquisition of Rahu Catalytics Limited from Unilever Ventures and Management.
2013: Sale of the cobalt refining activities in Kokkola , Finland to a joint venture of Freeport-McMoRan (56%), Lundin Mining (24%) and Gécamines (20%). The company was renamed Freeport Cobalt .
At the end of 2015, the remaining parts of the OM Group were taken over by Apollo Global Management . OM Group was privatized (taken off the stock exchange) and the photomask and electronic materials divisions were sold directly to Platform Specialty Products . The three remaining business units Vacuumschmelze, EaglePicher Technologies and Borchers remained with Apollo and the group was renamed VECTRA in 2015.
Business areas and markets (2011)
| Business area | End markets |
|---|---|
| Magnetic Technologies (34%) |
|
| Advanced Materials (34%) |
|
| Specialty Chemicals (25%) |
|
| Battery Technologies (7%) |
|
Production sites
| Advanced Materials |
Specialty Chemicals |
Battery Technologies |
Vacuum melt |
|
|---|---|---|---|---|
| America | Franklin, USA | Belleville, Canada Franklin, USA Los Gatos, USA Maple Plain, USA Fremont, USA |
Plano, USA Joplin, USA |
|
| Asia | Kuching, Malaysia Zhongli City, Taiwan Suzhou, China Wuzhong District, Suzhou |
Shenyang, China Pekan, Malaysia |
||
| Europe | Kokkola, Finland (until 2013) Lumbumbashi, Congo |
Castres, France Glenrothes, Scotland Riddings, GB St Cheron, France St Fromond, France |
Hanau, Germany Horná Streda, Slovakia |
Individual evidence
- ↑ Executives
- ^ Cobalt Development Institute / Production Statistics
- ↑ OM Group, Inc.
- ^ OM Group, Inc.- Company Profile, Information, Business Description, History, Background Information on OM Group, Inc.
- ↑ OM Group Announces Details of Long-Range Growth Strategy ( Memento from July 9, 2012 in the web archive archive.today )
- ↑ OM GROUP ACQUIRING US INDUSTRIES 'SCM SUBSIDIARY
- ↑ OM Group paving $ 180M for Outokumpu nickel unit. ( Memento of the original from December 22, 2015 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ OM Group Inc. to acquire organometallic business from Rhodia
- ^ COMPANY NEWS; FERRO WILL PAY OM GROUP $ 540 MILLION FOR 4 BUSINESSES
- ↑ OMG sells its precious metals group to Umicore
- ↑ OM Group to Sell Nickel Business to OJSC MMC Norilsk Nickel ( Memento of the original from December 26, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ OM Group to Accelerate Growth Strategy in Electronic Chemicals with Acquisition of Plaschem Specialty Products ( Memento from July 11, 2012 in the web archive archive.today )
- ↑ QuantumSphere Announces Expanded Partnership with OM Group ( Memento from July 9, 2012 in the web archive archive.today )
- ↑ OM Group to Acquire Borchers GmbH ( Memento from July 10, 2012 in the web archive archive.today )
- ↑ OM Group to Acquire Electronics Businesses from Rockwood Holdings ( Memento from July 10, 2012 in the web archive archive.today )
- ↑ OM Group to Acquire Advanced Battery Manufacturer EaglePicher Technologies, LLC for $ 171.9 million ( Memento of July 10, 2012 in the web archive archive.today )
- ↑ OM Group Significantly Expands Its Portfolio of Advanced Energy Materials and Technology With Planned Acquisition of Vacuumschmelze for euro 700 Million ( Memento of the original dated December 23, 2015 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ OM Group Bolsters Specialty Chemicals Segment with Acquisition of Rahu Catalytics ( Memento of the original from November 2, 2013 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Lundin Mining, Together With Tenke Partners, to Acquire Kokkola Cobalt Operations in Finland. In: marketwired.com. January 21, 2013, accessed July 17, 2018 .
- ↑ Freeport-McMoRan press release: Freeport-McMoRan Copper & Gold Inc. Completes Acquisition of Kokkola Cobalt Refinery. (PDF) November 23, 2015, accessed on July 17, 2018 .
- ↑ OM Group, Inc. Announces Completion of Agreement to be Acquired By Apollo Affiliated Funds in Partnership with Platform Specialty Products Corporation for $ 34.0. In: prnewswire.com. October 28, 2015, accessed July 17, 2018 .
- ^ OM Group, Inc. Announces New Name - VECTRA, Future Headquarters Location, And New Senior Leadership Team. In: prnewswire.com. May 31, 2018, accessed on July 17, 2018 .
- ↑ 2011 Annual Report ( Memento of the original dated November 2, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Homepage of Kokkola, Finland accessed on December 26, 2017
