Private family held businesses in the chemical industry have played an important role in innovation and entrepreneurship. In 1984, SACHEM, Inc. was launched in Texas as a small laboratory reagents provider by combining a dedication to the strong technological support of its customers with a commitment to a set of values called "The SACHEM Way." SACHEM is now a global company with six plant sites in Japan, China, Netherlands, and the United States that provide products and revenue to the semiconductor, panel display, oilfield, energy, catalyst, paper, polymer, pharma-ag, and other important markets. It is now transitioning from second generation to third generation ownership by the Mooney family, which has more than 200 members today. This talk will explore the advantages of private company ownership along with the challenges associated with a large family interest.

Innovation and entrepreneurship: Advantages of private companies

249th National Meeting (2015)

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