Platform Specialty Products Corporation

Platform Specialty Products Corporation
Public
Traded as NYSE: PAH
Russell 1000 Component
Founded 2013
Founder Martin E. Franklin
Headquarters 5200 Blue Lagoon Drive, Miami, Florida[1], United States
Key people
 Rakesh Sachdev (Chief Executive Officer)[1]
Products Chemicals, technical services[1]
Revenue
  • Increase $2.542 billion (2015)[2]
  • Increase $0.843 billion (2014)[3]
Website platformspecialtyproducts.com

The Platform Specialty Products Corporation is a chemicals production corporation listed on the New York Stock Exchange.[4]

History

The corporation was founded in 2013 by Martin E. Franklin, with financial backing from Bill Ackman.[5] It produces chemicals used for a variety of industries, including offshore oil drilling, animal health, electronics.[6][1]

Additionally, the corporation purchased several highly complementary specialty chemicals companies from 2013 through 2015: MacDermid Incorporated in October 2013, the electronic chemicals and photomasks businesses of OM Group Inc. in October 2015, and Alent plc in December 2015. After the final acquisition became effective, in 2016 Platform Specialty Products launched a new division in order to combine the operations of the acquired businesses.[7]

References

  1. 1 2 3 4 "Platform Specialty Products Corp". Bloomberg Business. Retrieved November 5, 2015.
  2. ↑ "Platform Specialty Products Corp, Form 10-K, Filing Date Mar 11, 2016" (PDF). shareholder.com. Retrieved Apr 29, 2016.
  3. ↑ "Platform Specialty Products Corporation Announces Fourth Quarter and Full Year 2014 Financial Results". Platform Specialty Products Corporation. Retrieved Apr 29, 2016.
  4. ↑ "Platform Specialty Products Corp". MarketWatch. Retrieved November 5, 2015.
  5. ↑ Raice, Shayndi; Walker, Ian (July 13, 2015). "Martin Franklin Expands Chemicals Empire With $2.1 Billion U.K. deal: Acquisition is latest in deal-making spree by founder of Jarden and Nomad groups". The Wall Street Journal. Retrieved October 31, 2015.
  6. ↑ "Platform Specialty Products Corporation Completes Repricing and Extension of $1.95 Billion of Existing Term Loans NYSE:PAH". Https:. Retrieved October 28, 2016.
  7. ↑ "Platform Specialty Products Corporation Announces Closing of the Acquisition of Alent plc". Retrieved 2 June 2016.
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