News Article 2016

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February 22 2016, David R Brown

Safic-Alcan reorganises its Executive Management team to pursue growth

Safic-Alcan, a leading international distributor of specialty chemicals, has announceed a management reorganisation, effective from February 2016. Philippe Combette has been appointed CEO of Safic-Alcan, succeeding Martial Lecat, and Jean-Michel Guyon is now General Manager of the Group in addition to his current responsibilities as CFO. Martial Lecat remains CEO of Safinca, the holding company of the Group, and will continue to lead mergers and acquisitions for Safic-Alcan.

I am convinced that Safic-Alcan will continue to be a major player in the distribution of specialty chemicals worldwide

Martial Lecat
CEO of Safinca

These changes follow the LBO in 2015 that resulted in the Management and the employees taking majority stakes in the Group supported by minority financial shareholders Euromezzanine, Sagard and Société Générale. It was felt that a reorganisation of the management was needed following acquisitions in Central and Eastern Europe and the United States in 2015. Moreover, the Company has strengthened its position as the leading distributor to the European rubber industry whilst continuing its build its businesses in plastics, coatings and adhesives, cosmetics and pharmacy as part of a diversification strategy initiated in the early 2000's.

Prior to his new appointment, Philippe Combette was General Manager of Safic-Alcan and Member of the Board since 2006. He was in charge of all business activities and operations for the Performance Products Division worldwide. Jean-Michel Guyon was Chief Financial Officer and Member of the Board of Safic-Alcan since 2007. Martial Lecat joined Safic-Alcan in 1988 as Commercial and Development Director until 1997 then as Director of the Specialty Chemicals Department and Member of the Board of Directors from 1997 until 2005.

“I am delighted for having allowed Safic-Alcan to work its way through the main international distributors. The Company could diversify and position as a privileged partner for the formulation industries in Europe. I am convinced that Safic-Alcan will continue to be a major player in the distribution of specialty chemicals worldwide,” stated Martial Lecat.

“I am very happy to take the Management of Safic-Alcan and optimisitc about the future of the Group. We will pursue our expansion strategy and will continue to serve our partners and customers wherever they are in the world,” stated Philippe Combette.

About Safic-Alcan
Safic-Alcan is a French multinational distributor of specialty chemicals focused on developing and supplying a large range of polymers, materials and additives for the rubber, coatings, pharmaceuticals and cosmetics industries. The Group is actve in all major EU countries, Turkey and China with on-going strategic development in Eastern Europe and the United States. In 2015, Safic-Alcan posted revenues of nearly EUR 465 million.

Source(s): Safic-Alcan Press Release

Further Information

Visit: http://www.safic-alcan.com