Article: Penn Takes on the PTMEG Leaders.(Statistical Data Included)

PENN SPECIALTY CHEMICALS (CONSHOHOCKEN, PA) IS ONE OF THE new generation of chemical firms made possible by private equity capital. The company, which has sales of approximately $250 million/year, was formed when former executives from Freedom Chemical, Lyondell Chemical, and Arco Chemical got together to acquire Great Lakes Chemical's furfural and furfural derivatives business, with financial backing from Mellon Ventures (Pittsburgh) (CW, July 7, 1999, p. 95).

Fred Rullo, former chairman and CEO of Freedom, and Brian McNamara, Freedom's former general counsel, assumed those tides at Penn. Robert Quinn, a former Lyondell executive, became president and COO. Jim ...

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