Oct 22, 2014

Press Release

SIMONA and Boltaron unite North American operations

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.

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.

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.

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.

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.

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.

Archbald, 22/10/2014

Head of Marketing &
Corporate Communication

Mr. Eric Schönel

Teichweg 16
55606 Kirn

Tel.: +49 (0) 67 52 14-997
Fax: +49 (0) 67 52 14-738