The company was created from a spin-off during DuPont's attempt to shed responsibility away from their PFAS chemicals and other regulatory-challenging assets. The new company was endowed with 4-billion$ of debt at the start, and it's saddled with a lot of big aging processes that are overdue for a refresh. But the company still manages to achieve profitability despite the setbacks. There's not much product diversity, so it is exposed to strong head-winds during tough economic cycles.
Because most of the managers are ex-DuPonters, the company still has the big-money mind-set of relying on large expensive systems. Their IT department loves to spend money and somehow manages to justify their own capital expenditures while manufacturing processes are still struggling to get money for upgrades.
For some strange reason the new CEO felt the need to change the company's original core values; which were intelligently worded and gave an aura of empowerment. Now they feel like a dumbed-down return to 1970's old-school management style. The new core values are just mediocre and un-inspiring, but the ex-Duponters seem to love them or are afraid to speak up. It feels like the company is grooming themselves for a buy-out or a merger.
