Vanderbilt to Finish Expansion This Year

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Additive maker R.T. Vanderbilt Co. yesterday announced a new organization structure, and that it plans to complete the $30 million expansion of its Murray, Ky., chemical manufacturing operation by this summer.

Completion of this project will significantly increase capacity and capabilities for future growth of [our] chemical products, R.T. Vanderbilt said in a statement yesterday.

Company officials previously said the 21,600 square foot expansion announced in June 2010 was primarily to meet the growing demands of current products while being versatile enough to handle new products in the introductory stage being tested by customers. New products ranged from antiwear products containing boron and tungsten, to new molybdenum friction reducers and antiwear additives.

The expansion project involves both the chemical and mineral divisions. Vanderbilts chemical division manufactures lubricant additives, while the mineral divisions products are used in the pharmaceutical and personal care markets.

Under the reorganization that went into effect Jan. 1, Vanderbilt grouped its North American operations into three vertically integrated subsidiaries. The new structure will position the company for market growth – both through mergers and acquisitions and organically, it said. R.T. Vanderbilt Holding Co. Inc. will serve as the new parent company.

R.T. Vanderbilts new organizational structure will allow us to concentrate and grow our businesses in our traditional areas of strength, including chemicals and minerals, said President and Chief Operating Officer Roger Price.

Established in 1916, privately-held, Norwalk, Conn.-based Vanderbilts products include antioxidants, antiwear and extreme pressure additives, industrial preservatives, metal deactivators, friction reducers, chemical intermediates and rust inhibitors. It also has wholly owned subsidiaries in China and Switzerland.