nyse omg industry specialty chemicals fate acquired by apollo global management headquarters cleveland ohio united states area served worldwide key people joseph scaminace chairman and ceo products specialty chemicals revenue us 1.64 billion fy 2012 1 operating income us 36.5 million fy 2011 1 net income us 42.0 fy 2011 1 total assets us 2.5 billion fy 2012 1 total equity us 1.2 billion fy 2012 1 number of employees 6 800 website www.omgi.com footnotes references 1 om group incorporated is a metal based chemistry firm based in cleveland ohio united states . it is a provider of speciality chemicals advanced materials and technologies . 2 the company was listed on the new york stock exchange prior to being privatized by apollo global management in june 2015 . contents 1 overview of operations 2 history 3 recent news 4 references 5 external links overview of operations edit om group employs approximately 6 000 people and has locations in canada china d.r. congo france finland germany india japan malaysia singapore taiwan the united kingdom and the united states . 3 omg has six business units advanced organics advanced materials electronic chemicals compugraphics ultra pure chemicals battery technologies of these six units its three main business platforms are magnetic technologies battery technologies and speciality chemicals . om group supplies more than 4 000 customers serving more than 50 industries worldwide including automotive systems electronic devices aerospace industrial and renewable energy . history edit the roots of the company date back to the 1940s when the company s predecessor mooney chemical company was founded in 1946 in cleveland by namesake james mooney and his partner carl a. reusser . forging strong ties with copper and nickel miners in zaire and zambia mooney quickly became key supplier of the metals helping maintain some of the highest levels of productivity in the cobalt specialty chemicals industry . in the mid 1990s for example om group s sales per employee were more than double the industry average at 850 000 compared with less than 300 000 . 4 in the 1970s james mooney s seventh son james p. mooney joined the firm at the age of just 23 joining three of his brothers in the executive office . despite a reluctance to incur debt and therefore infrequent acquisitions the brothers expanded the firm s product line through the purchases of mobil oil s subsidiary in pennsylvania chicago s lauder chemical and cleveland s harshaw chemical in the 1960s 1970s and 1980s . by 1984 the company s 40 employees generated about 2 million in annual sales . 4 after more than four decades of family ownership numerous members of the mooney family decided to sell their stakes in the business and in 1991 president james mooney started to seek buyers . 4 om group inc was established in 1993 as a result of the merger between the american company mooney chemicals the finnish firm kokkola chemicals oy and france s vasset sa . 4 initially named outokumpu metals group when the merger went ahead in 1991 after which the company operated as a subsidiary of the finnish firm kokkola spun off its 96 percent share in the company in 1993 leading to the establishment of the om group . mooney continued to own a 4 % share . 4 in the mid nineties the firm s geographical reach was dramatically expanded as a result of the merger and foreign sales increased by more than 50 percent . in 1994 the company invested 19.7 million in a physical plant increasing its capacity to produce specialty chemicals . 4 in 1995 om group and dainippon ink & chemicals created a japan based joint venture . om hoped that its cooperative enterprise would capture 15 percent of the 470 million japanese market for cobalt nickel inorganic compounds by the turn of the century . later in the year om entered the chemical recycling industry through the acquisition of hecla mining co. s apex mining division in utah . 4 recent news edit on 10 august 2007 om group incorporated acquired the electronics business of rockwood holdings inc. . citation needed the rockwood electronics businesses consist of printed circuit board pcb chemicals ultra pure chemicals upc and photomasks . in october 2014 om group acquired ener tek international a designer developer and manufacturer of high performance lithium ion and silver zinc cells and batteries for niche applications in defence and aerospace markets for a fee of 24 million . 5 as a result of dwindling sales as a result of the slowdown in industrial activity in europe in the preceding two years in june 2015 om group agreed to be privatized by apollo global management who made an offer of around 1.03 billion in cash . 6 on november 23 2015 the company announced its name change to vectra and said it was moving its headquarters to st. louis missouri . 7 references edit a b c d e f omg group profile . yahoo finance . http www.omgi.com ab company profile.html http www.omgi.com contact offices.html a b c d e f g om group inc. history . fundinguniverse.com . 1997 . retrieved 2 june 2015 . ccb 29 october 2014 . om group inc. acquires ener tek international for 24 million . crain s cleveland . retrieved 2 june 2015 . ankit ajmera 1 june 2015 . om group to be taken private by apollo global in 1.03 billion deal . reuters . retrieved 2 june 2015 . lisa brown 23 november 2015 . cleveland firm vectra moving hq to st. louis . reuters . retrieved 23 november 2015 . external links edit official page retrieved from https en.wikipedia.org w index.php title om group & oldid 743405596 categories companies formerly listed on the new york stock exchangecompanies based in clevelandcompanies based in ohiohidden categories all articles with unsourced statementsarticles with unsourced statements from march 2012 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured 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