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OM Group history
OM Group company history timeline
OM Group went public in 1993 with an initial stock offering valued at about $129 million.
Foreign sales increased from ten percent of annual revenues pre-merger to just over 50 percent by the end of 1993.
In 1994, James P. Mooney asserted, "When [cobalt] supplies are limited, we're at the head of the line." Vertical integration helped Mooney Chemicals maintain some of the highest levels of productivity in the cobalt specialty-chemicals industry.
In 1994, the company invested $19.7 million in a physical plant, increasing its capacity to produce specialty chemicals.
After nearly a quarter-century with the company, James Mooney set up an orderly plan of succession with the promotion of North American operations head Eugene Bak to the dual offices of president and chief operating officer in 1995.
In 1995, OM Group and Dainippon Ink & Chemicals created a Japan-based joint venture.
"OM Group Agrees to Buy Degussa Unit in $1.08 Billion Deal," Wall Street Journal, April 24, 2001.
Established in 2001, OM Group Inc provides software and technology solutions that address real business needs for clients across a variety of industries, including retail, pharmaceuticals, media and telecommunications.
2001 Degussa Metals Catalyst Cerdec AG (dmc2) is acquired.
In July 2003, OM completed the sale of its Precious Metals Group, which included dmc2, for approximately $814 million.
2003 The Precious Metals Group, including dmc2, is sold.
2005 Mooney resigns; OM settles the class action lawsuits.
8a/WOSB. OM Group ranks #643 on the 2020 Inc 5000 Fastest-Growing Companies List and #3 on the 2020 Washington Technology Fast 50.
Gasbarre, April; Stansell, Christina "OM Group, Inc. ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/om-group-inc
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OM Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ethyl | 1921 | $141.3M | 200 | - |
| The Dow Chemical Company | 1897 | $43.0B | 54,000 | 146 |
| ATI - Allegheny Technologies Incorporated | 1996 | $4.4B | 8,100 | 97 |
| Olin | 1892 | $6.5B | 6,400 | 134 |
| Praxair | 1907 | $11.4B | 26,461 | - |
| Nucor | 1940 | $30.7B | 26,001 | 467 |
| Celanese | 1918 | $10.3B | 7,714 | 56 |
| Koch Industries | 1940 | $115.0B | 100,000 | 30 |
| Huntsman | 1970 | $6.1B | 9,000 | 72 |
| Nkl | 1891 | $140.8M | 466 | - |
OM Group history FAQs
Zippia gives an in-depth look into the details of OM Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about OM Group. The employee data is based on information from people who have self-reported their past or current employments at OM Group. 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 OM Group. The data presented on this page does not represent the view of OM Group and its employees or that of Zippia.
OM Group may also be known as or be related to OM GROUP INC, OM Group, OM Group Inc, OM Group Inc., Om Group and Om Group, Inc.