For Immediate Release, July 12, 2018
In conjunction with its recent acquisition of Chroma Color Corporation on July 2, 2018, the Board of Carolina Color Corporation is pleased to announce the appointment of Tom Bolger, formerly CEO of Chroma Color as the CEO of Carolina Color. Reporting to Tom will be Howard DeMonte, President; Matt Barr, Vice Chairman and Chief Commercial Officer; Jeff Smink, Chief Operating Officer and Michael Pisch, Chief Financial Officer.
Mr. Bolger has had a greater than 30 year career in the color and additive concentrate business beginning with Chroma in the 1980’s and including positions with Wilson Color, M.A. Hanna, Polyone and returning to Chroma where he has been the CEO since 2005 and owner since 2016.
Carolina Color’s Chairman, George Abd commented, “we could not be more pleased to have an Executive of Tom Bolger’s character, reputation and knowledge leading our growing organization. Tom’s creativity, drive and experience in both growing businesses organically and through acquisition is a perfect complement to our strategy for this business. We look forward to great success for the business under Tom’s leadership.”
CEO Tom Bolger stated, “I am very excited about the opportunity to lead this great organization. The combination of Carolina Color, Breen, Hudson and Chroma creates a unique and rapidly growing player in the market and I look forward to working with the exceptional team at the company to become an even better partner to all of our customers and to explore and pursue further growth opportunities.”
About Carolina Color Corporation
Carolina Color Corporation is composed of four leading specialty color and additive concentrate supplier brands in the plastics marketplace. The brands include: Breen, Chroma, Hudson, and Carolina Color. This combined business, with sales of greater than $150 million, currently has an extensive manufacturing footprint throughout the U.S. Carolina Color was acquired by Arsenal Capital Partners in late 2017.