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Innospec Inc. (Littleton, CO) is renaming its current Active Chemicals business segment as Performance Chemicals, effective October 1.
"We realized some time ago that this business segment name was confusing for our customers and did not accurately reflect the products manufactured and sold by this business," said Patrick Williams, Innospec's president and CEO. "Active Chemicals has a specific meaning in several of our industries sectors, and we have therefore decided to make this change to make the purpose of our products clearer to the customers we serve."
The executive also noted that this will not change the structure of the company, nor the way in which Innospec serves its customers.