News – Chroma Color® Corporation

Chroma Color®® Announces New Chief Executive Officer Joe Herres

chromacolorstg on April 17, 2024

Chroma Color® Corporation, leading formulator and supplier of specialty color and additive concentrates and IR absorbing and modifying dyes with an extensive manufacturing footprint throughout the United States, has appointed Joe Herres as Chief Executive Officer effective April 17, 2024 replacing Shruti Singhal. Joe Herres, Chroma’s new CEO commented, “I am very excited to take the leadership role in a business I love and, in an organization, made up of incredibly dedicated and talented team members. Having been the Vice President of Sales and Marketing at Chroma for the past 15 months, I see great opportunities to continue our journey with our customers in helping them grow their business which in turn strengthens Chroma’s ability to partner even more effectively”.

Arsenal Capital Partners Operating Partner and company Chairman George Abd commented, “we are pleased to have Joe take this leadership role bringing with him decades of industry experience and proven success leading and growing businesses. Joe’s deep experience in the plastics industry with a diverse background in polymers and manufacturing processes and his passion for the customer make him uniquely qualified to lead Chroma to the next level. Joe’s strong track record of providing leadership and execution led to exponential growth and market expansion at Spartech, LLC under the ownership of Arsenal and other private equity firms. Joe previously worked for Spartech Corporation both as a public and private business for nearly 20 years and has also worked for Avient (formerly PolyOne). Joe attended Washburn University’s Business Administration and Management program. We want to thank Shruti Singhal for his dedication in leading the organization over the past two and a half years and wish him the best in what we are sure will be a successful next step in his career.”

Chroma Color®®: Chroma Color® Corporation is a leading specialty color and additive concentrate supplier serving a diverse range of markets, including packaging, healthcare, pharmaceutical, wire, cable, consumer products, and others. With the acquisition of Epolin, Chroma is also the recognized leader in the near infrared (NIR) absorptive dye industry producing proprietary blends to suit the eye protection and light management sectors. Chroma Color®’s growth strategy includes robust organic and inorganic growth including nine acquisitions. Chroma’s extensive technical leadership and manufacturing expertise, coupled with its game changing colorant and light management technologies, have delighted customers for over 50 years. Chroma Color® Corporation is an Arsenal Capital Partners portfolio company. For more information, please contact us: https://chromacolors.com/contact-us/

Chroma Color® Announces Integration of Delaware, OH Facility into Other Manufacturing Sites

chromacolorstg on August 23, 2022

McHenry, IL: As Chroma Color Corporation has been successfully navigating the global crises, senior leadership has been improving the business and improving the way they serve their valued customers. Chroma has made significant progress in stabilizing its supply chain, optimizing manufacturing operations, shortening lead times, improving service to customers, and delivering on its “Drive to Zero” safety program.

Chroma Color‘s decision to establish Manufacturing Centers of Excellence was accompanied by significant investments in personnel, capital equipment, and business management systems that are designed to enhance their ability to seamlessly migrate production across manufacturing sites that are best suited for specific resins, markets, technologies, and regulatory compliance. These transformative changes have also created flexible capacity and agility in Chroma’s operations resulting in faster responsiveness and deeper connectivity to their customers and is reported to have already contributed to a greatly improved customer experience. With these improvements and capacity expansions through capital investments, the decision was made to transfer assets and absorb existing production into Chroma Color’s other manufacturing sites and cease operations at their smallest site located in Delaware, Ohio.

Chroma Color’s Senior Leadership Team notified Delaware, Ohio employees today that operations at the facility will cease later this year as assets and current production are integrated into its other Manufacturing Centers of Excellence located in Salisbury, NC; Asheboro, NC; Leominster, MA; Lambertville, NJ; Newark, NJ and McHenry, IL. It is expected that production in Delaware will end in late October with the facility fully closing by year-end.

We want to thank our Delaware employees for their years of service and are hopeful that as many of them as possible will transfer to open Chroma positions at other locations. For those who cannot, transition assistance will be provided. These are always difficult decisions and we do not make them without careful deliberation. Our goal is to ensure we are honoring our employees and our customers in the transition process. In addition to offering assistance to our affected employees at the site, we have established a focused support team to ensure a seamless transition for our valued customers, many of whom already have working relationships with the other Chroma locations where work is being transferred. Our sales team will be reviewing the detailed plans with our customers to ensure the transition is smooth and seamless. We are confident that this change will enhance our ability to serve our customers with excellence.

Questions can be sent to www.chromacolors.com/contact-us.

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