SIMONA AMERICA Inc. SIMONA and Boltaron unite North American operations Contact Eric Schoenel Director Marketing & Communication Phone +49 (0) 6752 14-997 Fax +49 (0) 6752 14-738 [email protected] www.simona.de Managed by a single senior management team – Focus on Aviation interior, corrosion protective and semiconductor industry – Jim Medalie to be appointed to the Board Archbald, 22/10/2014. In order to streamline and improve its North American operations following the acquisitions of Boltaron Performance Products, LLC, and Laminations, Inc., at the beginning of 2014 the Management Board of SIMONA AG is announcing a new organizational structure in the US. Our brands: The operating plants in Newcomerstown, Ohio, and Archbald, Pennsylvania will unite under the SIMONA AMERICA Inc. (SAI) corporate umbrella and under the SIMONA AG corporate brand, managed by a single senior management team. Industrial products Lawrence J. Schorr (former CEO of Boltaron) is appointed Chief Executive Officer of SAI. Dean Li, PhD, (former President of Boltaron) is appointed President and Chief Operation Officer of SAI. Michael Schmitz (former CEO SAI – Hazleton) is appointed Chief Financial Officer of SAI. Adam Mellen (former Boltaron Director of Outside Sales) is appointed Vice President of Sales and Marketing of SAI. Bob Viereck (former CFO Boltaron) is appointed Vice President and Treasurer of SAI. Bill Minogue (former Vice President Operations SAI – Hazleton) is appointed General Manager and Vice President of Operations of Archbald. Kevin Asti (former Vice President Operations Boltaron) is appointed General Manager and Vice President of Operations of Newcomerstown. Aviation products and specialities Jim Medalie is to be appointed to the Board of SIMONA AMERICA Inc. with immediate effect. Jim Medalie is CEO of Polyflow, LLC, a manufacturer of reinforced plastic pipes (RTP) for high-pressure applications in the oil and gas industry. Prior to coming to Polyflow, Jim Medalie was President of KYDEX, LLC, a manufacturer of specialty thermoplastic sheet products for the aviation, rail, and medical equipment industries. He holds a BS degree in Chemical Engineering from the University of Michigan and an MBA in Marketing from Temple University. The Board of SIMONA AMERICA Inc. will continue to be headed by Wolfgang Moyses, CEO of the SIMONA Group. “In Jim Medalie, we have appointed an acknowledged expert in the plastics industry, with many decades of experience in senior roles. I am delighted that he will be contributing to our Board,“ says Wolfgang Moyses. SIMONA AMERICA Inc. · 101 Power Boulevard · Archbald PA 18403 · Tel.: +1 866 501 2992 · Fax: +1 800 522 4857 [email protected] · www.simona-america.com Page 1 of 2 SIMONA AMERICA Inc. Contact Eric Schoenel Director Marketing & Communication Phone +49 (0) 6752 14-997 Fax +49 (0) 6752 14-738 Further Board members are Larry Schorr (CEO SAI), Dirk Moeller and Fredy Hiltmann (AG members), and Mark Yde (external member). Mark Yde is Board member since 2010. He is Director of Business Development of Novae Corporation, a leading North American manufacturer of Utility, Dump and Cargo Trailers. Prior to coming to Novae, Mark Yde was Vice President & General Manager of Spartech Corporation and President of Poly Hi Solidur Worldwide. [email protected] www.simona.de The SAI management team will continue its focus in Ohio on the Boltaron brand of aviation interior products, as well as a number of other specialty products and in Pennsylvania on both large volume polyolefin and PVC products, as well as specialty products in the corrosion protective, semiconductor and O&P industry under the SIMONA brand. “The new organizational structure will help us to focus even more on customer value and best practice”, states Larry Schorr, CEO of SAI. Customers even now gain benefits of the integration of customer service of former Laminations business at Archbald. The team expects to complete the integration of the equipment and personnel from its former Hazleton, PA, plant into Archbald by the end of 2014. It also expects to synchronize across the entire platform the best practices in operations, sales, customer service and technical development of Boltaron, Inc. and SIMONA AG by the end of 2015. *** About SIMONA AMERICA Inc. SIMONA AMERICA Inc. is a subsidiary of SIMONA AG, one of the leading manufacturers and development partners of high quality thermoplastic products. With 250 employees SIMONA AMERICA Inc. generates sales of 90M USD. The product range includes sheets made of PE, PP, PVC and fluoropolymers. SIMONA AMERICA Inc. has two operations in Archbald, PA, and Newcomerstown, OH. Boltaron´s plant in Ohio focuses on aviation interior products, as well as a number of other specialty products. In Pennsylvania the company produces large volume polyolefin and PVC products, as well as speciality products for the corrosion protective, semiconductor and orthopedic industry under the SIMONA brand. Beyond its current domestic production, SIMONA AMERICA offers the complete SIMONA Group product line of compression molded sheets, extruded solid and hollow rods, welding rods as well as pipes and fittings. For more information visit www.simona-america.com and www.boltaron.com About SIMONA – Global Thermoplastic Solutions SIMONA AG is a manufacturer of thermoplastic products with production facilities and sales offices around the globe. The company's product portfolio includes semi-finished products (sheets, rods, profiles, welding rods), pipes and fittings as well as finished parts. SIMONA employs 1,300 people worldwide. In total, 35,000 products for a diverse range of applications are manufactured at facilities in Germany and abroad. Annual production exceeds 100,000 metric tons. SIMONA AG is a stock corporation listed in the General Standard at Frankfurt Stock Exchange. The company's registered office is in Kirn, Rhineland-Palatinate (Germany). For more information visit www.simona.de/en Copy of article appreciated. SIMONA AMERICA Inc. · 101 Power Boulevard · Archbald PA 18403 · Tel.: +1 866 501 2992 · Fax: +1 800 522 4857 [email protected] · www.simona-america.com Page 2 of 2
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