ArrMaz Custom Chemicals, (ArrMaz) Mulberry, Fla., has announced that Hank Waters has agreed to join the company as president. He will focus on expanding ArrMaz’s current operations while pursuing new and intriguing growth opportunities in several international markets.
ArrMaz is a producer of a wide variety of process chemicals, which are generally custom formulated to meet customer specifications. It 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, which distributes its products in over 70 countries and has production facilities in key locations worldwide, was purchased by a private equity firm, Snow Phipps Group, in August 2008.
Since 2006, 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 Co., a distributor of chemicals and plastics in North America and Europe. Waters held a variety of other positions at Ashland and at both GE Plastics and Air Products. A graduate of The General Manager Program at the Harvard Business School, Waters also has a B.S. 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, ArrMaz CEO. “Hank brings deep experience in several burgeoning areas of focus for ArrMaz.”