Americhem Inc. has grown its executive ranks with the hiring of John Deignan as president of the firm.
Deignan, 46, was hired in November by Americhem, a color and additive concentrate maker in Cuyahoga Falls, Ohio. He had spent the previous 21 years in a variety of leadership roles at Diebold Inc., a maker of banking and security systems in nearby North Canton, Ohio.
As president, Deignan will lead the day-to-day operations of the company and foster Americhem's strategic relationships with customers, CEO Rick Juve said in a Jan. 7 news release.
Deignan's background and strengths in a variety of commercial roles "will serve as a solid foundation to assist Americhem in achieving its plans for global growth," Juve added.
Americhem ranks as one of North America's 30 largest compounders and concentrate makers, according to a Plastics News estimate. The privately held firm does not disclose sales figures, but market watchers estimate that its annual sales are more than $150 million.
In late 2012, Americhem acquired engineering resins compounder Infinity Compounding LLC, after opening a new plant in Liberty, N.C., earlier that same year. The firm employs 500 worldwide at sites in the U.S., England and China.