CROSBY, Texas, Dec. 14, 2015 /PRNewswire-USNewswire/ -- KMCO LLC announced today that CEO John Foley has joined the Board of Governors of the Society of Chemical Manufacturers and Affiliates (SOCMA), the leading U.S.-based trade association representing the specialty chemical industry. SOCMA supports chemical manufacturers with commercial and networking opportunities, advocates for the passage of rational laws and regulation, and works to increase public confidence in the industry.
Foley was elected to the board during SOCMA's 94th Annual Business Meeting on December 7, 2015, in New York.
"As a [longtime] SOCMA member, I look forward to assisting the board in ensuring that the mission, policies and strategic direction of the association are aligned with membership needs," said Foley.
"With new initiatives and our efforts to continually refine and improve the programs we offer our member companies, we are pleased to welcome John to SOCMA's Board of Governors," said incoming Board Chairman Charles "Chuck" Bennett, Vice Chairman, Dixie Chemical Co., Inc. "John brings a wealth of expertise to the table, and with his insight and experience, I am confident that together we can successfully lead this organization forward."
SOCMA's Board of Governors provides strategic direction, maintains fiscal responsibility and helps management develop business plans to deliver member value. Through regular meetings, the board ensures effective organizational planning and sees that association resources are managed responsibly.
Since 1921, SOCMA has represented a diverse membership of small, medium and large chemical companies located around the world. Collectively, SOCMA members are key drivers to a successful economy, contributing $24 billion annually to the U.S. GDP. For more information on our services and products, please visit www.socma.com.
About KMCO LLC
Founded in 1975 and headquartered in Crosby , Texas, KMCO (including the KMTEX facility located in Port Arthur, Texas) is a leading specialty chemical company serving the automotive, petroleum, industrial and agricultural markets. The world's largest and most recognized chemical companies depend on KMCO for custom chemical processing (tolling) and specialty manufacturing. KMCO also offers a full range of coolant and brake fluid products, as well as chemicals for the oilfield industry. Commitment to their employees, quality, customer service, regulatory compliance, equipment, and technology have enabled KMCO to become one of the premier custom chemical companies in North America. Owner Resource Group acquired majority interest in KMCO and its affiliated companies in July 2012.
About Owner Resource Group
Owner Resource Group, LLC is an Austin, Texas based private investment firm, founded to bring superior outcomes to privately held businesses. We make investments and enable business owners and management teams to pursue their objectives and accelerate the growth of their companies in a disciplined manner. We appreciate an owner's need for fairness, certainty, flexibility and confidentiality when considering a transaction. After a transaction, our philosophy is to align our interests with management to support the existing culture and the continued growth of the business. We can be most helpful to businesses with annual revenue greater than $20 million and the following aspirations: Business owners hoping to achieve a full or partial exit; Businesses looking to expand their capabilities, offerings or geographic reach (through organic or by acquisition); management teams that would like to establish or increase their ownership in a business.
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SOURCE Society of Chemical Manufacturers and Affiliates