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AlliedSignal names new head for its Riedel-de Haen Unit.

SEELZE, Germany--(BUSINESS WIRE)--Nov. 26, 1996--

Seeks to double size of specialty chemicals business

AlliedSignal Specialty Chemicals, headquartered here, today announced that Dr. Norbert Dieterich, 47, has become head of its Riedel-de Haen business unit.

Prior to joining AlliedSignal, Dr. Dieterich was chief executive of American Home Products' German agricultural chemicals and pesticides business, Cyanamid Agrar GmbH and Co.K.G. in Ingelheim. He now serves as chairman of Riedel-de Haen's executive board, with responsibility for the business unit's technology, production and business support functions.

Dr. Dieterich reports to AlliedSignal Specialty Chemicals president David C. Hill, previous chairman of Riedel-de Haen's executive board. Dr. Hill remains on the board but will devote more time in Seelze to finalizing and implementing AlliedSignal's growth strategy to be a leading global market-based specialty chemicals business.

"AlliedSignal expects to double the size of its $500 million specialty chemicals business by the year 2000 through globalization, new product development, acquisitions, and improved operational efficiency," Dr. Hill said. It will focus on markets where it can achieve critical mass, such as: pharmaceutical and agricultural chemicals; plastic and polymer additives; chemicals for the paint and coatings industry; chemicals for the sealants and adhesives industry; chemicals for the electronics industry and industrial chemicals.

Dr. Dieterich, a German national, earned a Ph.D in agricultural chemistry from the University of Bonn. He has a strong background in the specialty and fine chemicals business and held international positions of increasing importance with the DuPont, Hoechst, American Cyanamid and American Home Products companies.

AlliedSignal acquired Riedel-de Haen AG, a leading German supplier of specialty chemicals, from Hoechst AG last year. Headquartered in Morris Township, N.J., AlliedSignal is an advanced technology and manufacturing company, serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials.

CONTACT: AlliedSignal Inc.

Edward M. Romanoff, 201/455-2144

or

AlliedSignal Specialty Chemicals

Richard Jung, Riedel-de Haen, (0) 49-(05137) 999-410
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Publication:Business Wire
Date:Nov 26, 1996
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