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Sequa history
Sequa company history timeline
In 1945 the company was renamed the Sun Chemical Corp., reflecting its broadened range of interests.
A management committee was established in 1953 to administer corporate policy.
1954: The company restructures, consolidating into three groups: chemicals; graphic arts; and structural waterproofing, paints, and products finishing.
Norman Alexander was president of Ansbacher-Siegle Corp., a producer of organic pigments for inks, paints, plastics, and cosmetics, when he acquired control of Sun Chemical, becoming its president in 1957.
A second Mexican factory, opened in 1965, was the largest ink plant in Latin America.
By 1966, when Sun was spending between 2.5 and 3 percent of its annual sales on research, the research center housed 90 scientists and technicians.
Alexander, who now owned 34 percent of the company (compared to about 20 percent in 1966), had acquired more than 20 companies since taking charge of Sun and was engaged in his biggest takeover scheme, a contest for control of Chromalloy American Corp., three times the size of Sun Chemical.
Sun Chemical had sales of $121.9 million in 1971.
Graphic arts materials and equipment accounted for two-thirds of all sales in 1974, by which time a Graphic Systems Group had been added to the company's operations.
Enthusiastic investors bid Sun Chemical's stock from about $11 to $27 a share in 1976, one of the best performances on the New York Stock Exchange that year.
1982: Sun acquires 36 percent of Chromalloy American Corp., a large industrial conglomerate.
Dai Nippon's cash offer enabled Sun Chemical to purchase the outstanding 56 percent of Chromalloy's shares for about $267 million in a 1986 stock swap and merge it into the parent company.
In 1990 Sequa's net sales reached a peak of almost $2 billion, but thereafter military cutbacks resulting from the end of the Cold War devastated the company's balance sheet.
Sequa reported a loss of $18.5 million for the second quarter of 1993 and suspended dividend payments for the foreseeable future.
In August 1994 the company announced that Chromalloy Gas Turbine again was profitable.
The year 1997 also saw an addition to Sequa's French-based Materiels Equipements Graphiques (MEG) through the purchase, from W.R. Grace & Co., of TEC Systems.
1998: Sequa sells its chemicals division.
The chief operation in the specialty chemicals segment was Warwick International, which accounted for 14 percent of Sequa's sales and revenues in 1999.
4/27/2021 12:59:02 PM MRO Americas Day 1: Welcoming customers and business partners to the Chromalloy booth, and planning how to extend e… https://t.co/yfFTNpfEP0
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Zippia gives an in-depth look into the details of Sequa, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sequa. The employee data is based on information from people who have self-reported their past or current employments at Sequa. 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 Sequa. The data presented on this page does not represent the view of Sequa and its employees or that of Zippia.
Sequa may also be known as or be related to Sequa, Sequa Corp. and Sequa Corporation.