Performance Chemicals News

Leading middle-market private equity firm focused on the maritime, defense and aerospace sectors, J.F. Lehman, has sold its portfolio company Drew Marine to affiliates of The Jordan Company. With a corporate heritage that dates back to 1928, Drew Marine is the leading independent global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Terms of the transaction were not disclosed. Since acquiring Drew Marine in 2009, J.F. Lehman worked successfully with the company’s management team to reinvigorate Drew Marine'’s core business of providing global maritime customers (representing over 11…

Ashland Specialty Chemical Company's Drew Marine announced three changes in its marketing organization at its Boonton, N.J. headquarters. business manager for Engineered Systems & Products. become the technical manager for chemicals. control systems. selecting of non-chemical products as well. fuel treatment products. and growth plans for performance chemicals and associated equipment. stewardship. U.S. Military accounts, which was part of his former job. of Drew Marine marketing. the market is directing us into," says Hendrickson.