FAIRLAWN, Ohio, May 17 /PRNewswire-FirstCall/ -- OMNOVA Solutions
Inc. (NYSE: OMN) today announced that it has completed the
acquisition of The Dow Chemical Company's hollow sphere plastic
pigment (HPP) product line and terminated the RohmNova paper
coatings joint venture. The transaction closed late Friday night,
May 14.
OMNOVA announced on Thursday, May 13,
2010, that the Federal Trade Commission had approved the
sale of Dow's HPP business to OMNOVA. In the same
announcement, OMNOVA said the companies would also terminate the
RohmNova joint venture upon close. A description of the
transaction is included in a press release and related 8K filing
dated May 13, 2010.
OMNOVA Solutions Inc. is a technology-based company with last
twelve month sales for the period ending February 28, 2010, of $720
million and a workforce of approximately 2,300 employees
worldwide. OMNOVA, which has served the styrene butadiene
latex industry since the 1950s, is an innovator of emulsion
polymers, specialty chemicals, and decorative and functional
surfaces for a variety of commercial, industrial and residential
end-uses. Visit OMNOVA Solutions on the internet at
www.omnova.com.
SOURCE OMNOVA Solutions Inc.