New Mountain Capital’s Avator adds to board of directors

Avantor Performance Materials, a portfolio company of New Mountain Capital, has appointed William E. Redmond to its board of directors. Redmond is the former CEO of General Chemical Corp. Based in Center Valley, Penn., Avantor is a provider of high-performance chemistries.

PRESS RELEASE

CENTER VALLEY, PA–(Marketwired – Jun 2, 2014) – Avantor™ Performance Materials, a global manufacturer and supplier of high-performance chemistries, announces the appointment of William E. Redmond, Jr. to its Board of Directors.
Mr. Redmond brings extensive experience to the Avantor Board of Directors. In his career, Mr. Redmond has served as a chief executive officer or director of more than 20 companies, both public and private, spanning various industries including chemicals, tier-one automotive supply, health care, port/logistics operations, wireless communications and retail. Most recently, Mr. Redmond served as a director (since 2003) and chief executive officer (since 2005) of General Chemical Corporation, and its public predecessor, GenTek, Inc. There, he led the company’s transformation from a public entity to a private equity partnership. He created material value within the company and facilitated an exit to a strategic buyer earlier this year. Mr. Redmond also serves as a director for Rotech Healthcare and GT Technologies, Inc.
“Bill has had an impressive career helping companies across multiple industries build the foundation for long-term success and growth,” says Michael Stubblefield, CEO of Avantor. “His perspective will benefit our management team greatly as we work to further establish Avantor as a resource and partner for our global customers and a leader in our industry.”
“Throughout his career, Bill has specialized in accelerating value creation and building strong companies poised for sustainable success,” says Raj Gupta, chairman of Avantor. “I am excited that Bill will now be applying his vast experience to generating value for Avantor and helping us pursue our aggressive growth plans.”
“Avantor has been offering respected brands to our global customers for decades, and our J.T.Baker® brand chemicals have been on the market for 110 years,” says Matt Holt, managing director of New Mountain Capital, which owns Avantor. “We have a solid value proposition, proven chemistries and a global footprint, and I am confident that Bill’s background and experience will prove vital as we continue our trajectory of growth while capturing market share and meeting our business objectives.”
Mr. Redmond holds a bachelor’s degree in Marketing from Siena College in Loudonville, New York.
Visit www.avantormaterials.com or www.twitter.com/avantor_news for more information.
About Avantor™ Performance Materials
Based in Center Valley, PA (USA), Avantor Performance Materials manufactures and markets high-performance chemistries and materials around the world under several respected brand names, including the J.T.Baker®, Macron Fine Chemicals™, Rankem™, BeneSphera™, and POCH™ brands.
Avantor products are used in a wide range of industries. Our biomedical and life science solutions are used in pharmaceutical production, laboratory research for academic, industry and quality control, and in medical lab testing. Our electronics solutions are used in the manufacturing of semiconductors. For additional information please visit www.avantormaterials.com or follow www.twitter.com/avantor_news.
About New Mountain Capital
New Mountain Capital is a New York-based private equity firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private and public equity funds with approximately $12 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest-quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com.

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