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Lonza history
Lonza company history timeline
The name Arch Chemicals, Inc. was selected and in August 1998 the new entity was incorporated in Virginia, although its headquarters would be established in Norwalk, Connecticut.
Hence, in mid-1998 it was announced that the specialty chemical businesses would be spun off as a separate publicly traded company.
They would head a company with three business segments: microelectronic chemicals, performance chemicals, and water chemicals, which combined for $863 million in sales in 1998.
Haberlin, Steven Ray, "Connecticut-Based Chemical Company's Spinoff Gets Profitable Head Start," Providence Journal-Bulletin, August 9, 1999.
In September 1999, Arch completed its first acquisition, adding the HQEE-hydroquinone di (beta-hydroxyethyl) Ether business of Eastman Chemical Company.
When 1999 came to a close, Arch, in its first year of independence, increased sales 2 percent to $880 million, while earnings per share improved 17 percent to $1.82, due in some measure to the company reducing costs by $5 million.
1999 Olin spins off specialty chemical assets as Arch Chemicals.
Arch also added to its roster of personal care intermediates with the November 2000, $38 million cash purchase of New Jersey-based Brooks Industries.
Arch also completed a pair of acquisitions in 2000.
In keeping with its growth strategy Arch also introduced several new products in 2000, such as Poly-G 30-400T, a polyol used primarily in elastomer, coating, and adhesive applications; and Zinc Omadine, a fungicide-algicide for masonry paint.
In 2000, the dotcom bubble burst, but by the end of the decade smartphones were ubiquitous and Facebook had almost half a billion users.
Arch also supported its coating business in the Far East in 2001 by opening a sales support and technical support operation in Suzhou, China.
With the United States economy slipping in 2001 and the manufacturing sector struggling, especially the semiconductor industry, Arch experienced a drop in sales to $921 million and an earnings plunge to just 15 cents per share. It also completed three minor acquisitions in 2001, adding Walker Brothers, a Canadian maker of anti-sapstain products used by sawmills.
In 2003 it was able to finally sell off Hickson's organics division for $18 million, as well as Peak Sulphur Inc., which brought in another $25 million.
2004 Avecia biocides business is acquired.
In 2005 Arch sold its 50 percent stake in another slurry operation, a joint venture called Planar Solutions, to Fuji for another $17 million.
In 2011, Lonza celebrated 40 years as one of the world’s leading producers of vitamin B3.
2012 Distributing Acquired K.A. Steel Chemicals Inc., distributor of caustic soda and the largest seller of bleach in the Midwest
On October 5, 2015, Olin acquired The Dow Chemical Company’s US chlor alkali and vinyls, global epoxy and chlorinated organics businesses.
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Finally, biotechnology was really starting to hit its stride, which was perfect timing, as it would play a critical global role in managing the early challenges of the 2020s.
© 2022 Olin Corporation.
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Lonza competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Perstorp Polyols Inc | - | $9.5M | 34 | 2 |
| PSS | 1958 | $25.0M | 100 | 22 |
| Taste of Solae | 1987 | $750.0M | 2,700 | - |
| Greenfield Global | - | $12.0M | 300 | 5 |
| Hardy Diagnostics | 1980 | $740,000 | 400 | 19 |
| Hunter Fan | 1886 | $33.0M | 200 | 15 |
| Thetford | 1963 | $120.0M | 400 | - |
| Forbo Movement Systems | 1919 | $560.0M | 274 | - |
| HM Electronics | 1971 | $509.0M | 539 | 64 |
| SUPERIOR COMMUNICATIONS | 2000 | $746.5M | 10 | 13 |
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Zippia gives an in-depth look into the details of Lonza, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Lonza. The employee data is based on information from people who have self-reported their past or current employments at Lonza. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Lonza. The data presented on this page does not represent the view of Lonza and its employees or that of Zippia.
Lonza may also be known as or be related to ARCH CHEMICALS INC, Arch Chemicals, Arch Chemicals Inc and Arch Chemicals, Inc.