R.T. Vanderbilt Announces Reorganization, Expansion
R.T. Vanderbilt Co. Inc. recently announced business changes for 2013, including the completion of an expansion project and the development of new business-focused subsidiaries. Effective January 1, the company has reorganized its North American operations around three new wholly owned subsidiaries. The reorganized structure will introduce vertically integrated businesses better equipped to meet customer needs and position the company for market growth—both organically and through mergers and acquisitions. The new operating organizations will align the key customer-facing functions (Sales, Customer Service, Technical Support and Supply Chain) under new business leaders to deliver more focused efforts on their respective markets and customer results.
“R.T. Vanderbilt’s new organizational structure will allow us to concentrate and grow our businesses in our traditional areas of strength, including chemicals and minerals,” said Roger Price, president and COO. “These changes will capture the momentum that our company has already seen in these markets, and provide new opportunities for us to demonstrate our commitments to providing unequaled value in our products and services.”
The reorganization will result in the following structural changes:
R.T. Vanderbilt Holding Co. Inc. will serve as a new parent company for all wholly owned subsidiaries listed below.
Vanderbilt Chemicals LLC is a new operating entity that will include the North American operations of the company’s manufactured and resale chemical business serving the rubber, plastics, and petroleum markets.
Vanderbilt Minerals LLC is a new operating entity that will include the North American operations of the company’s industrial and specialty minerals business serving the life sciences, coatings, ceramics and agricultural markets.
Vanderbilt Global Services LLC is a new shared services entity that will provide support to the operating businesses.
Vanderbilt International SARL is an existing Swiss entity that will continue to provide marketing and technical support services to the chemicals and minerals businesses in EMEA (Europe, Africa, Middle East and Russia).
Vanderbilt (Beijing) Trading Ltd. is an existing China entity that will continue to provide marketing and technical support services to the chemicals and minerals businesses in China.
Senior leadership, ownership and the financial strength of R.T. Vanderbilt reportedly will not change as a result of the reorganization, and the new business groups will operate as divisions within the overall company.
For additional information, visit www.rtvanderbilt.com.