Chemtura Corp (CHMT) CEO Craig Rogerson says a key component of the company’s growth strategy is bolt-on acquisitions in which the purchase price or target company’s revenue ranges from $50 to $100 million. He says Chemtura is looking for companies to acquire that offer them more product line extensions, more technology or an opportunity for a broader geographic footprint.
“If you look at where we are right now, the pipeline is probably most full in the industrial performance products segment. In the petroleum additives and urethanes areas, I would expect that we will close on one or more of those over the next couple of years as well,” Rogerson says. “That will add to the kind of the organic growth that is supported by innovation, new product development and the capacity that we have installed.”
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In addition, Rogerson says that the capital investments the company has made in its four businesses will also be a significant part of growth over the next couple of years. With innovation in mind, Rogerson says the company invests in a lot of application development for next-generation products.
“We have some new products that we expect to come out in both the Great Lakes Solutions of the bromine business, the urethanes business and really across the portfolio,” Rogerson says. “We have petroleum additives coming up that are in engine testing right now. That will drive a lot of the growth.”
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