Volume 7 Issue
4 Jennifer F. Mize, Co-Editor December 2000
NEWSLETTER
OF THE EAST TENNESSEE SECTION OF AIChe
Local section
website: http://www.geocities.com/aiche_etenn/aiche.html
December
AIChE Meeting
Due
Diligence Process in Mergers and Acquisitions
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P |
hillip
Tidwell, Investment Services Manager, Eastman Chemical Company, will be
discussing the current mergers and acquisitions environment and its associated
challenges. He will review the Eastman
M&A process focusing on strategy development, candidate search and
selection, approach and execution, and implementation. Phillip will also explain the Corporate
Development roles and responsibilities.
This will be a joint meeting with TSPE.
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Date: |
Wednesday, December 6th |
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Location: |
B150 Multimedia Room |
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Time: |
11:30 am – 12:30 pm |
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Topic: |
“Due Diligence Process in Mergers
and Acquisitions” |
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Speaker: |
Phillip Tidwell, Investment
Services Manager, Eastman Chemical Company |
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Message
From the Chair
Our
local section continues to offer great programs as evidenced by the member
turnout. We had so many requests for
the King Pharmaceuticals tour that we had to offer it on three separate dates
in November. Our December 6 program on
the "Eastman Due Diligence Process for Mergers and Acquisitions"
should be of interest to a number of our members as well. See articles on these programs elsewhere in
this newsletter.
The
ballots for election of our 2001 Officers and Directors were mailed out in
early November. Please vote for the
candidates of your choice and return the ballot to Brian Joyner before the
November 28 deadline. The results of
the election will be announced at our December 6 program. If you are interested in serving on one of
our committees (Program Committee, Nominating Committee, Awards Committee),
please contact David Denton at 229-6559.
I may be contacting some of you in the next few months regarding
potential nominees for national AIChE awards.
I thank you in advance for any suggestions or help you can provide. I would also like to express my appreciation
to Burts Compton who has recently agreed to join Jennifer Mize as a co-editor
of our newsletter. We have one of the
best local section newsletters in all of AIChE and I’m sure Burts will help us
keep it that way.
David
L. Denton
Chair,
East TN Section of AIChE
423-229-6559
November Meeting Recap
Tour of King Pharmaceuticals
The
November, 2000, tour of King Pharmaceuticals, Inc. in Bristol, Tennessee, was
so popular with our membership that it had to be scheduled on three separate
dates (November 3, 10, and 17).
Unfortunately, due to safety and scheduling concerns related to construction
of a major new production line at King Pharmaceuticals, the November 17 tour
had to be cancelled. Due to the
expected length of this major construction project, it is uncertain whether it
will be possible to schedule an additional tour (at least in the near
future).
King
Pharmaceuticals, Inc. was formed in 1993 and has been very successful,
completing several recent acquisitions and raising their stock price by several
multiples. The company is listed on the
NYSE and employees own significant shares of stock (were able to pre-purchase
shares at $2/share). Although King
Pharmaceuticals is a relatively new company, their plant site has an
interesting history dating from the 1800’s when it was part of the original
King Plantation. One of the King family
members, a Presbyterian minister, called the site “Glory Grove”. The site became the original location of
King College. When King College moved
to their present location, the site eventually became the site of the S. E.
Massengill pharmaceutical company. The
site was later sold to Beecham Laboratories (which later became Smith-Kline
Beecham) and was eventually acquired by the Gregory brothers who formed King
Pharmaceutical. The company is generous
to employees (good benefits such as full childcare expenses, summer employment
for children of employees, and an on-site Chaplain’s office) and is a good
corporate citizen. The King
Pharmaceutical Benevolence Fund operates an International Medicines Ministry
(distributes free medicines to developing countries), a Food Distribution
Ministry, a Widow’s Mite Ministry (supporting widows in need), and a special
Grant Fund.
King
Pharmaceuticals, Inc., has focused their efforts on acquiring and marketing
well-branded prescription pharmaceutical products in therapeutic areas such as
cardiovascular, anti-infectives, women’s health, and vaccines and
biologicals. Some of their leading
products are Altace, Lorabid, Neosporin, and Menest. The tour of King Pharmaceuticals started in their corporate
boardroom with an excellent presentation on the history of the company and its
site by Terry Eckley, Public Relations.
Terry then led the group on a tour which included walk-throughs and
presentations of their Quality Assurance Labs, Microbiology Lab, Bulk
Manufacturing area, Packaging area (where a new automated machine can bottle
~500,000 tablets per hour), Tableting area (including blending, drying,
granulating, tablet pressing, and tablet coating/encapsulating), and their
Liquids and Sterile Products area (where suspensions are manufactured and
bottled). The company is in the process
of adding a new major production line for Altace. Since the tours were on Friday afternoon, most of the manufacturing
areas were not operating, but that did provide better opportunity to view much
of the equipment. The total tour lasted
a little over two hours and was very interesting. The tour guides and presenters did an excellent job and were
eager to answer any and all questions.
Many thanks to King Pharmaceuticals for their willingness to host our
section and to Linda Patterson, our local section Program Committee coordinator
for these tours!
David
L. Denton, Nov. 3 Tour Representative
Linda
Patterson, Program Coordinator
Email Addresses Requested
If you
are receiving this newsletter in hardcopy and you have an e-mail address,
please send a message to Jennifer Mize (jfmize@eastman.com). We are currently mailing hardcopies of the
newsletter to 96 local section members.
Advantages to receiving this newsletter via email include the ability to
use the links to websites and email addresses included in the articles and less
waste in the environment!
Attention Professional Engineers
Did you know that you can fulfill ½ of your annual Continuing
Education Requirement simply by attending AIChE programs? It’s true and we’re
going to make the documentation part easy for you! Six of this year’s programs
meet the eligibility requirements for Professional Development Hour (PDH)
credit. After each of these programs, we will distribute certificates to
attendees, which can be used as documentation if the Engineers and Architects
Board audits you. So come to the programs and bring a friend!
More Coaching Tips from Clare
Marshall
Whether
you were able to make it to our October meeting or not, you might be interested
in more from our speaker, Professional Coach Clare Marshall. Clare sent a very
interesting set of checklists that can help you remove the clutter from your
life and focus on what's important.
Check out the 'Clean Sweep' program posted on our web page:
Clean
Sweep (http://www.geocities.com/aiche_etenn/clean.doc)
Clare
also sent us some of her articles that have been published in the Greenville,
SC Journal which are very insightful:
1.
Eliminate Fear (http://www.geocities.com/aiche_etenn/gjelim.doc)
2. Coaching
Skills (http://www.geocities.com/aiche_etenn/gjcoach.doc)
3. Congruency (http://www.geocities.com/aiche_etenn/gjcongr.doc)
4. Performance
Challenge (http://www.geocities.com/aiche_etenn/gjperf.doc)
5.
Sustainability (http://www.geocities.com/aiche_etenn/gjsust.doc)
Best of luck on obtaining a more balanced and
meaningful life!
Tim
Nolen
Reflections Before Christmas at NSTCC
Thanksgiving
and Christmas are magic times of the year.
During these special days, people everywhere pause to reflect, to give
thanks, and to plan for a brighter New Year.
It is in this spirit that we present the following excerpts from Dr.
Pollock’s Actions Log of the Pre-Engineering Program at Northeast State
Technical Community College (NSTCC).
(08-21-00):
1st official meeting of NSTCC’s Pre-Engineering Advisory Committee: This
meeting was very successful. These
historic events were documented via E-mail minutes and submitted for
publication in other professional newsletters.
(08-24-00):
John H. Thomason Memorial Scholarship: A new engineering scholarship in honor of John.
(09-27-00):
Dr. Lee R. Partin’s MATHCAD WORKSHOP: Pre-Engineering students helped each other on our new MAC G4
computers today. Thank you, Lee Partin
(lrpartin@eastman.com).
(10-02-00):
Dr. Roy C. Loutzenheiser, P.E., Ph.D., Associate Dean for Undergraduate
Affairs, College of Engineering, Clement Hall, Room 201, Tennessee
Technological University (TTU), Box 5005, 1010 N. Peachtree Avenue, Cookeville,
TN 38505 (931-372-3834, fax 931-372-6172), RLoutz@tntech.edu,
(http://www.tntech.edu/www/acad/eng/engineering.html)
visited NSTCC.
(10-03-00):
6th TSPE Club Meeting: In addition to visiting our Pre-Engineering classes, Roy visited
our TSPE Club and set aside blocks of time for one-on-one consultations with
our students, faculty, and administrators.
Dr. Loutzenheiser’s visits are an effective way to help build bridges
among academic institutions and to promote interest in mathematics, sciences,
and engineering.
(10-11-00):
Dennis Marshall (dmarshal@eastman.com)
visited our Pre-Engineering classes (ENGR1210: Introduction to Engineering
& PHYS2220: Engineering Physics II).
He captured the imagination of our students in the increasingly
important area of environmental engineering and government regulations. Dennis holds an A.A.S. Degree in Chemical
Technology from NSTCC. His life and
career are exemplary for our students.
We are proud of Dennis.
(10-31-00):
10th TSPE Club Meeting:
Halloween Chemistry (& Engineering) Magic Show – Wow! What a spectacular day for a “spook-tacular”
show. Again, the TSPE Club teamed-up
with the ACS Club for another synergistic success! NBC TV Channel 5 covered the events with a resultant news special
feature: Project Family: Education
Focus by Mark Helton. I made a
personal VCR video copy of the 11:00pm Evening News (11-01-00). Also, Ken Murray of The Kingsport Times-News
(kmurray@timesnews.net) captured
some beautiful shots and published one entitled: Natural Magic,
Kingsport Times-News, p 6B, (Wednesday, 11-01-2000). Student Rudy Tinker (ZRWT4@nstcc.cc.tn.us)
really made this a super photo. The
other pair of hands belongs to John Shammel, who appeared in the video footage,
too.
(11-01-00
& 11-02-00):
Celebration of Chemistry for 4th Graders: A National Chemistry Week (NCW) activity organized by the
Northeast Tennessee Section of the American Chemical Society (NETS-ACS) and
sponsored by over 25 area industries and academic institutions. Once again, our TSPE Club and our ACS Club
members teamed-up to achieve success! Our student volunteer escorts included: Teresa Clark, Steven Compton, David Douthat, Amy Gauvreau, Jody
Gibson, Mary Gold, Stephanie Greer, Katrina Hopson, Rebecca Kendrick, Pamela
Leighton, Astrid Mayes, Pam Roscoe, Josh Strom, John Swink, and Payton Young. Dr. David Fagerburg also personally attended
this event and helped organize the volunteers with Dr. Jay A. Harvey and Dr.
Mark A. Pollock. We are very proud of
this worthy community and professional service.
(11-06-00):
Dr. Fred T. Gilliam, Ph.D., P.E., Associate Dean of Engineering, The
University of Tennessee, 101 Perkins Hall, Knoxville, TN 37996-2010
(423-974-2454, fax 423-974-9879), fgilliam@utk.edu,
visited NSTCC. We combined our 1st
and 2nd year Pre-Engineering students into one classroom for Fred’s
presentation. His presentation centered
on the various fields of engineering and The University of Tennessee’s
strengths and reputation in engineering.
The transfer (articulation) agreements between UT and NSTCC are much
improved, although not as “seamless” as those agreements between TTU and
NSTCC. Fred met with students, faculty,
and administrators, including Nancy Forrester (nfforrester@nstcc.cc.tn.us), Dean
of Mathematics & Sciences, Carole Shaw (dcshaw@nstcc.cc.tn.us), Vice President
of Academic and Student Affairs, and President William W. Locke (wwlocke@nstcc.cc.tn.us), President of
NSTCC. The spirit of building bridges
between community colleges and 4-year institutions continues to gain momentum
and support.
(11-12-00):
NSTCC More than Affordable Alternative, Sam Watson, Press Staff
Writer, JOHNSON CITY PRESS, (November 12, 2000). Among many interesting items are included positive statements
about our Chemical Technology Program and our Pre-Engineering Programs.
Mark
Pollock
Local Section Officers,
Directors, and Support Staff
Chair: David
Denton 229-6559
Vice-Chair/Chair-Elect
and Program Committee Chair: David
Hitch 229-5398
Secretary: Brian
Joyner 229-6193
Treasurer: Richard
Colberg 229-3184
Directors: Joe
Bays 229-5854
Joe
Parker 229-3850
Mark
Harrison 229-4861
Local Section
Webmaster: Tim Nolen 229-8287
AIChE Pipeline
Newsletter Co-Editors: Burts
Compton 229-8526
Jennifer Mize 224-7018
ETEAC
Representatives: Beth
Alderson 229-8163
Vera
Williams McGill 224-0959
Roy Conn 229-2642
Season's Greetings from AIChE!