- Reichhold Industries Inc.
The ratings on Reichhold Industries Inc., a producer of unsaturated polyester resins for composite applications and resins for coatings and graphics arts customers, reflect aggressive debt leverage, low operating margins, cyclicality of the company's markets, and a limited track record of earnings at the improved levels of recent years. These weaknesses are tempered by meaningful market positions in its resins product lines, significant geographic diversity of sales, a good initial cash position, and management's commitment to reduction of debt-like obligations. A diverse customer base, long-standing customer relationships, a global production footprint, and new products should help sustain Reichhold's competitive positions. In particular, the geographic diversity of sales is considerable, as roughly 45% of demand is derived outside of North America,...
Companies mentioned in this report are: Reichhold Industries Inc.
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