ArrMaz has announced that Hank Waters has agreed to join the company as President. In his new role, Mr. Waters will focus on expanding ArrMaz’s current operations while pursuing new and intriguing growth opportunities in several international markets.
ArrMaz, headquartered in Mulberry, Florida, is a producer of a wide variety of process chemicals, which are generally custom formulated to meet customer specifications. ArrMaz is the leading producer of functional additives and process aids to the fertilizer and asphalt industries and is a significant provider of chemical products to related minerals mining industries. ArrMaz distributes its products in over 70 countries and has production facilities in key locations worldwide. ArrMaz was purchased by a private equity firm, Snow Phipps Group, in August 2008.
Since 2006, Mr. Waters has been accountable for two of Ashland Inc.’s four operating divisions as President of Ashland Performance Materials and Ashland Water Technologies. He was a Corporate Vice President and previously served as President of Ashland Distribution Company, a distributor of chemicals and plastics in North America and Europe. Mr. Waters held a variety of other positions at Ashland and at both GE Plastics and Air Products. He graduated from The General Manager Program at the Harvard Business School and has a BS in Chemical Engineering from Ohio University.
“We are very pleased that Hank has chosen to join ArrMaz,” said Paul Chellgren, Chairman of ArrMaz and SPG’s Operating Partner. “Hank’s proven ability to create value in the specialty chemical industry domestically and abroad will create significant value for ArrMaz’s shareholders.”
“Hank will be a great addition to the team at ArrMaz,” said Glen Varnadoe, Chief Executive Officer. “Hank brings deep experience in several burgeoning areas of focus for ArrMaz.”
About Snow Phipps Group, LLC
Snow Phipps Group is a New York-based private equity firm seeking to acquire businesses in attractive industries where it can leverage the expertise of its exclusive Operating Partners, who are seasoned industry executives.
Steve Bruce / Pen Pendleton / Ann Taylor Reed
The Abernathy MacGregor Group