U.S. Markets close in 1 hr 31 mins

Omnova Solutions announces new performance chemicals business structure

OMNOVA Solutions announced a new business group management structure within its Performance Chemicals segment with the objective of more effectively leveraging its extensive technology and product capabilities and global infrastructure for stronger, more sustainable global growth.

As part of the new structure, specialty chemicals will include three globally-managed business groups that represent high growth market opportunities for the company.The three business groups are oilfield solutions, coating specialties and specialty Ingredients. The global paper and carpet business has been renamed performance materials and will be more broadly focused on higher growth packaging and specialty paper applications.