BATON ROUGE, La., May 19, 2016 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), a leader in the global specialty chemicals
industry, proudly announced today that the company has received two
prestigious awards in the category of liquidity management.
Treasury & Risk, a leading publication dedicated to
providing perspective on the trends, best practices and tools
defining the future of finance and treasury, has named Albemarle,
along with Google and Hilton Worldwide, a 2015 Alexander Hamilton
Award winner in the category of liquidity management. The company's
treasury department received this award in recognition of their
successful design and implementation of a robust global liquidity
structure following the acquisition of Rockwood Holdings, Inc., an
effort that facilitated the efficient repatriation of cash to repay
debt and support the ongoing growth and operational needs of the
combined companies.
Additionally in 2015, Albemarle was the recipient of the TMI
Star Award for liquidity management in association with BNP
Paribas, presented by Treasury Management International (TMI) at
the EuroFinance Conference held in Miami. TMI is a highly respected publication
dedicated to promoting best practices and innovations in treasury
management. This award specifically recognized the company's
innovative redesign of its liquidity structure prior to the
acquisition, and the efficient connection it allowed to the
liquidity structure of Rockwood following the acquisition in
January 2015.
Jennifer Winkle, Albemarle's
director of corporate finance (formerly assistant treasurer), was
on hand to receive both of these coveted awards and expressed
appreciation, stating: "Overall, our liquidity project has been a
flagship project for the group and the wider industry; we were
honored to be recognized for these achievements."
"We are thrilled to receive two of the profession's highest
awards in recognition of our world class liquidity structure," said
Lorin Crenshaw, vice president
finance, lithium and advanced materials (formerly treasurer). "The
structure has enabled us to efficiently commence our deleveraging
strategy, and will serve us well into the future."
About Albemarle
Albemarle Corporation, headquartered
in Baton Rouge, Louisiana, is a
premier specialty chemicals company with leading positions in
attractive end markets around the world. With a broad customer
reach and diverse end markets, Albemarle develops, manufactures and
markets technologically advanced and high value added products,
including lithium and lithium compounds, bromine and bromine
derivatives, catalysts and surface treatment chemistries used in a
wide range of applications including consumer electronics, flame
retardants, metal processing, plastics, contemporary and
alternative transportation vehicles, refining, pharmaceuticals,
agriculture, construction and custom chemistry services. Albemarle
is focused on delivering differentiated, performance-based
technologies that deliver innovative and sustainable solutions to
its customers. The Company employs approximately 6,900 people and
serves customers in approximately 100 countries. Albemarle
regularly posts information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, Regulation G reconciliations, SEC
filings and other information regarding the Company, its businesses
and the markets it serves.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this press release
regarding Albemarle Corporation's business that are not historical
facts are "forward-looking statements" that involve risks and
uncertainties. For a discussion of such risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see "Risk Factors" in the Company's
Annual Report on Form 10-K.
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SOURCE Albemarle Corporation