Sovereign Specialty Chemicals Inc.

News & Analysis

sovereign specialty chemicals inc. - All News and Analysis

• Sovereign Specialty Chemicals Reports Operating Results for the Third Quarter of 2004

  - 2004-11-11

  CHICAGO -- Sovereign Specialty Chemicals, Inc. announced today its operating results for the three months ended Sept 30, 2004. Net sales were $106.6 million compared to $98.7 million for the three months ended September 30, 2003. Operating income was $12.1 million in the third quarter of 2004 compared to $10.1...

  Tags: AEA Investors Inc., Sovereign Specialty Chemicals Inc.

• Henkel to buy Sovereign; sells clorox stake.(top of the week)(Henkel Corp.)(Sovereign Specialty Chemicals Inc.)

  - 2004-10-13

  Henkel plans to buy Sovereign Specialty Chemicals Chicago for $575 million, including debt and liabilities, the companies say. Henkel says the purchase will strengthen its market share in the U.S. adhesives and sealants industry. Both companies have agreed to the offer, and the deal is expected...

  Tags: Clorox Co., Henkel Corp., Sovereign Specialty Chemicals Inc.

• Sovereign Specialty Chemicals, Inc. Signs Definitive Agreement to Be Acquired by Henkel Corporation

  - 2004-10-07

  CHICAGO -- Sovereign Specialty Chemicals, Inc. today announced the signing of a definitive agreement for the sale of the company to Henkel Corporation for a transaction value of approximately $575 million. The acquisition, which has been approved by the boards of both companies, is subject to regulatory approvals and is...

  Tags: Henkel Group, Sovereign Specialty Chemicals Inc.

• Sovereign Specialty Chemicals Reports Operating Results for the Second Quarter of 2004

  - 2004-08-02

  CHICAGO -- Sovereign Specialty Chemicals, Inc. announced today its operating results for the three months ended June 30, 2004. Net sales were $106.4 million compared to $92.6 million for the three months ended June 30, 2003. Operating income was $12.7 million in the second quarter of 2004 compared to $9.1...

  Tags: AEA Investors Inc., Sovereign Specialty Chemicals Inc.

• Sovereign Specialty Chemicals Reports Operating Results for the First Quarter of 2004

  - 2004-05-05

  Business Editors CHICAGO--BUSINESS WIRE--May 5, 2004 Sovereign Specialty Chemicals, Inc. announced today its operating results for the three months ended March 31, 2004. Net sales were $95.7 million compared to $89.8 million for the three months ended March 31, 2003. Operating income was $9.5 million in the first...

  Tags: AEA Investors Inc., Sovereign Specialty Chemicals Inc.

• Sovereign Specialty Chemicals, Inc. Announces Price Increase

  - 2004-04-30

  Business Editors CHICAGO--BUSINESS WIRE--April 30, 2004 Sovereign Specialty Chemicals, Inc. announces a general price increase for its adhesives and coatings products. The Industrial and Packaging, Converting, Graphic Arts Divisions will increase prices 5-8% and implement a surcharge of $6.95 for steel drums and $0.60 for pails, effective June...

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• Sovereign reports operating results for 2002. (Company News).(Sovereign Specialty Chemicals Inc.)(Brief Article)

  - 2003-05-01

  CHICAGO -- Sovereign Specialty Chemicals, Inc., announced its operating results for the calendar year ended December 31, 2002. Net sales for 2002 were $361.1 million compared to $356.7 million in 2001. Operating income was $25.4 million in 2002 compared to $19.4 million in 2001. ...

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• Sovereign Specialty Chemicals names new CFO. (Industry News).(Terry Smith replaces John Mellett)(Brief Article)

  - 2002-12-01

  CHICAGO -- Sovereign Specialty Chemicals announced that John Mellett, chief financial officer, will be leaving the company at the end of the year. Terry Smith is joining Sovereign as vice president and chief financial officer. Smith is a certified public accountant with a bachelor's...

  Tags: Sovereign Specialty Chemicals Inc.

• Veil lifts on private chemical firms as they struggle to pay down debt: the advantages of being a private chemical company are less apparent in this trough. (Financial).

  - 2002-11-25

  WITH MANY privately held chemical companies now releasing quarterly financial results, a veil has lifted, revealing new insights into the operations of these firms. In the investment community, gone is the talk about the advantages of being a private chemical company, as many of these firms...

  Tags: Borden Chemical Inc., Sovereign Specialty Chemicals Inc.

• Sovereign Specialty Chemicals Inc. (People).(Norman E. Wells Jr. appointed president and CEO )(Brief Article)

  - 2002-11-01

  Norman E. Wells Jr. has been appointed president and CEO of Sovereign Specialty Chemicals Inc. Wells has served on Sovereign's board of directors since 1999. His background includes: managing director at AEA Investors from July 2000 until the present; president, CEO and COO of Rand McNally...

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