FORMATION OF COMMERCIAL JOINT VENTURE, SELL & SERVICE LATEX BINDERS, & SPECIALTY CHEMICAL ADDITIVES
01 May 2002 - Rohm & Haas Co

Rohm and Haas Company and OMNOVA Solutions today announced the formation of a commercial joint venture company to market, sell and service latex binders, synthetic pigments, and specialty chemical additives for coating applications in the global paper and paperboard industry. The joint venture company, called RohmNova LLC, is equally owned by Rohm and Haas and OMNOVA Solutions, and will be headquartered in Mogadore, Ohio.

The parties have been successfully operating as an integrated strategic alliance for more than a year so the transition to the joint venture is expected to be immediate and seamless. Products will continue to be manufactured independently by the partners in their existing plants, and marketed under the same quality brand names that customers have come to depend on.

"We are very excited about the advantages RohmNova will provide to our global paper customers," said Gus Cottros, who has been named General Manager of RohmNova. "Product breadth unmatched in the world coatings and surface treatment market, efficiencies in supply chain and account management, exceptional applications knowledge and development capabilities, and best-in-class technical service, all combine to demonstrate our solid commitment to the industry."

"I'm particularly delighted with the team of leaders we've put together from both parent companies," Cottros added. "They bring a wealth of experience, solid customer relationships and immense enthusiasm for what RohmNova will be able to provide to the marketplace."

http://www.rohmhaas.com/

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