David Miles succeeds Ray Martino who will continue to serve as CEO.
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Prices also increased by 0.3 percent in the EU28.
Acquisition expands company's offerings in emissions management.
PMI up 1.5 percent from November, and overall economy grew.
Construction spending up 0.9 percent from October.
Index improved in December to 113.7, from 109.4 in November.
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Coincident Economic Index up 0.1 percent and Lagging Economic Index up 0.3 percent.
Higher sales in the building material and supplies contributed to the increase.
The index's three-month moving average, CFNAI-MA3, increased during the month.
Increase due to positive contributions from host of areas, including personal consumption expenditures.
Field sales reps are quickly losing their "differentiating value."
Cadence will become part of the specialty intermediates division.