Michelman Names New Director of Business Development

CINCINNATI, OH (August 11, 2015) – Michelman is pleased to announce the hiring of Mr. Andrew Michelman as its new Director of Business Development. Mr. Michelman will be responsible for supporting the company’s aggressive strategic growth initiatives globally. He will work closely with Michelman’s Corporate Development team that is engaged in acquisitions, joint ventures, and all non-organic growth of the company.  Mr. Michelman’s duties will include working with external advisors, as well as associates throughout Michelman, to identify acquisition opportunities. He will then be responsible for all aspects of closure among identified opportunities including due diligence, financing, investment analysis, negotiations and integration of key acquisition targets. 

Mr. Michelman brings 20 years of global acquisition experience having worked extensively throughout the USA, Europe and Asia. He has worked in Investment Banking with Citigroup in New York and London, and in a Strategy and Corporate Development role with Europe based manufacturer, Vaillant Group. He most recently served as a principal of a private equity investment group located in Birmingham and London. He has also served on Michelman’s Board of Directors since 1999. 

According to Mr. Steve Shifman, Michelman’s President and CEO, “Andrew has a proven track record of successfully originating and completing challenging transactions globally in the Merger & Acquisition space. He possesses significant strategic, commercial, analytical and negotiation skills which align directly with the skills and experience we require for this position.”

About Michelman

Michelman is a global developer and manufacturer of environmentally friendly advanced materials for industry, offering solutions for the coatings, printing & packaging and industrial manufacturing markets. The company’s surface modifiers, additives and polymers are used by leading manufacturers around the world to enhance performance attributes and add value in applications including wood and floor care products, metal and industrial coatings, paints, varnishes, inks, fibers and composites. Michelman is also well-known as an innovator in the development of barrier and functional coatings, as well as digital printing press primers that are used in the production of consumer and industrial packaging and paper products, labels, and commercially printed materials. Michelman serves its customers with production facilities in North America, Europe and Asia, product development and technical service centers in several major global markets, and a worldwide team of highly trained business development personnel.