W.F. Taylor Announces Jack Raidy to Resign as CEO; Board Names Daniel A. Pelton as New CEO
FONTANA, Calif. (PRWEB) May 10, 2016 -- The Board of Directors at W.F. Taylor, LLC, (Taylor) announced today that Jack Raidy has resigned as Chief Executive Officer (CEO) after leading the company for more than two decades, during which Taylor demonstrated continuous growth and market leadership in developing innovative adhesive products for the floor covering industry. The Board also announced it has named Daniel A. Pelton as the new CEO, effective immediately.
“For more than 25 years, the Raidy family has played a key role in building W.F. Taylor into an industry pacesetter known for developing innovative adhesive products for the floor covering industry,” said Mac Bridger, operating partner at Dominus Capital, the controlling shareholders of W.F. Taylor. “We are especially thankful for the role that Jack Raidy played in the success of W.F. Taylor during the past 20 years. His numerous contributions and direction over the years have helped the company achieve exceptional growth and establish itself as the clear leader in developing new technologies and product innovations for the adhesives and coatings markets.”
"It has been a tremendous honor to lead W.F. Taylor during the past 20 years. Thanks to the hard work and dedication of many talented individuals who have worked alongside me, W.F. Taylor has become an industry-leading manufacturer of innovative adhesives products that delivered excellence for our customers in the floor covering industry,” said Mr. Raidy. “While I am proud of all we have accomplished together, I am equally excited to watch W.F. Taylor expand its position in the adhesive markets under Dan’s leadership as CEO. His talent, executive experience and vision will take W.F. Taylor well into the future." Mr. Raidy will continue to serve as a member of the board.
Pelton joined W.F. Taylor in 2015 as its Chief Operating Officer where he was responsible for overseeing the daily operations of the company as he transitioned from his role as an Operating Executive with Dominus Capital. Prior to joining Dominus Capital, Pelton held various global executive and senior management positions with KordsaGlobal, a $1 billion global company that is the world's leading manufacturer of reinforcement technologies (industrial nylon, polyester yarn, tire cord fabric and single end cord production).
While working for KordsaGlobal, he served as the Director of the Americas and Managing Commercial Director for Global Accounts. In addition, Pelton was the General Manager of the North America operations for Kordsa Inc. Pelton started his career working in various technical, operational and general management roles at Lord Corporation, Mehler Engineered Products and Dayco/Mark IV Automotive. Today, he holds seven patents and two corporate trade secrets in the adhesives, coatings and composites industries.
“During the past 40 years, W.F. Taylor has led the adhesive industry as an environmental pioneer and developing new technologies that enabled the company to offer superior products for the flooring industry,” said Dan Pelton, CEO for W.F. Taylor. “Taylor has a strong legacy of technology and product innovation, and I see an opportunity through which the new management team can build upon this legacy by delivering the same level of excellence to our relationships with suppliers, vendors and strategic customers.”
Pelton continued, “I am confident W.F. Taylor is well positioned for the future. With the support of our investment partners, we are in a strong position to explore opportunities for growth via strategic acquisitions, introduction of new products, and focus on operational excellence that will help solidify our leadership position in the adhesive segment of the flooring industry.
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About W.F. Taylor, LLC
Since the 1980s, designing for the environment has been part of W.F. Taylor’s innovative fabric. Taylor’s Research and Development Team design the highest performing flooring adhesives in the industry with the environment, health and safety in mind. With over half of its products independently tested and awarded environmental certifications, W.F. Taylor has led the flooring adhesive industry in progressive environmental practices. For more information, visit http://www.wftaylor.com.
About Dominus Capital, L.P.
Dominus is a leading middle-market private equity partnership with an operating focus. Drawing on the experience, knowledge and network of its founders and a team of in-house operating executives, Dominus works hand-in-hand with exceptional management teams to unlock the untapped potential of its portfolio companies. The Dominus team members have executed over 50 transactions in the middle market over the past 20 years. Dominus takes a long-term and conservative approach to investing and is proud to have a very consistent and successful track record of creating significant value at businesses in which it has invested. For more information, visit http://www.dominuscap.com.
Vince Butler, W.F. Taylor, http://www.wftaylor.com/, +1 (423) 424-3068, [email protected]
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