Bush Boake Allen holds annual meeting.MONTVALE, N.J.--(BUSINESS WIRE)--May 2, 1996--The stockholders of Bush Boake Allen Inc. have voted to elect all directors on the slate presented at the company's annual meeting held on May 1, 1996 at the Woodcliff Lake, N.J. Hilton Hotel. Directors elected to one-year terms at the meeting were Peter L. Acton, Julian W. Boyden, Thomas R. Crane, Jr., L. Robert Pfund, James M. Reed, George J. Sella sella /sel·la/ (sel´ah) pl. sel´lae [L.] 1. a saddle-shaped depression.sel´lar 2. s. turcica. sella tur´cica , Jr., and William H. Trice. The stockholders also ratified the appointment of Price Waterhouse LLP LLP - Lower Layer Protocol as the company's independent accountants for 1996. In his remarks to stockholders, William H. Trice, chairman, stated: "At last year's meeting I predicted that BBA BBA abbr. Bachelor of Business Administration , for the first time as a public company, would continue its impressive record of progress. Performance in 1995 confirmed this prediction." Mr. Trice also noted that: "Since 1983 we have opened locations in 23 countries -- an average of nearly two a year. We see a steady increase in demand for our products in the U.S. and Europe with growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. continuing to increase in the developing countries of the world." Julian W. Boyden, Bush Boake Allen's president and chief executive officer, stated at the meeting: "With the close of 1995, BBA completed its first full calendar year as a public company with sales growth of 13% and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. increasing a strong 20% to $50 million. Both our flavor and fragrance and aroma chemical aroma chemical, n an odorous chemical with useful properties that is also legal and safe to use as a flavor or fragrance. operations registered a solid performance." Mr. Boyden went on to say: "I believe 1996 will be a challenging year for the flavor, fragrance and aroma chemical business. However, we are confident in the underlying potential for growth in our principal markets. We are confident that both BBA and our industry have major opportunities ahead of us." Bush Boake Allen, which conducts operations on six continents, has locations in 40 countries worldwide. The company supplies flavors and fragrances to the world's leading consumer products companies for use in foods, beverages, cosmetics, toiletries toi·let·ry n. pl. toi·let·ries An article, such as toothpaste or a hairbrush, used in personal grooming or dressing. toiletries npl → artículos mpl de aseo (= , personal care items and related products. Its aroma chemicals, natural extracts and essential oils serve as raw materials for a wide-range of compounded flavors and fragrances. CONTACT: Fred W. Brown - (201) 782-3363 Stewart J. Phelps - (201) 782-3372 |
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