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Our two businesses share a common commitment to serving customers with innovative solutions and technologies, and Hi-Mar's complementary product portfolio, customer service culture, and the opportunity to leverage newly acquired technologies globally make it an excellent addition to our Specialty Products business.
Riordan has held a various roles since joining Zurich in 1997, including head of the unit developing Zurich's portfolio of Surety, Trade Credit insurance and Political Risk insurance products in North America and internationally and most recently president of North America Commercial's Specialty Products business unit.
The acquisition Of Watercryl will significantly increase the company's presence in Latin America and provide a platform for its specialty products business to accelerate growth in the region.
He was named general manager of the former Specialty Products Business Group.
International Multifoods said Swander has been president and chief operating officer since November 2001, following the company's acquisition of the Pillsbury desserts and specialty products business.
Fastener Engineers, which was launched in 1962 with introduction of an in-line wire-drawing machine for the cold-heading industry, will become part of PCC's Specialty Products business, which includes the machine-tool divisions as well as Eldorado deep-hole-boring tools and Astro Punch fastener-forming tools.
By increasing our capacity and broadening our appetite we are demonstrating our long-term commitment to the E&O market," said Dan Riordan, president of Zurich's Specialty Products business unit.
Since joining Zurich in 1997, Riordan has held various roles comprising head of the unit developing Zurich's portfolio of Surety, Trade Credit insurance and Political Risk insurance products in North America and globally and most recently president of North America Commercial's Specialty Products business unit.