OMNOVA Solutions Restructures Business Group Management
OMNOVA Solutions recently announced a new business group management structure within its Performance Chemicals segment. The new structure is intended to more effectively leverage the company’s 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—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.
“This new structure better reflects the global company OMNOVA has become, and allows the Performance Chemicals segment to more readily deploy our growth strategies and mobilize resources worldwide to serve our customers,” said Jim Hohman, president of Performance Chemicals.
Coating Specialties, led by Rick Sandford, general manager, will reportedly leverage OMNOVA’s brands and history in coating resins for architectural/infrastructure applications, as well as other high-performance applications such as in-mold coatings used in compression molded composites.
Specialty Ingredients, led by Frank Nataro, general manager, will focus on new growth options for existing and adjacent global markets and capabilities, including polymers used in durable and consumable nonwovens, tape and adhesive systems, fabric reinforcement for tires and other rubber goods, molded rubber components, elastomeric modification, and stabilizer systems for ABS, PVC and natural and synthetic latices.
The Paper and Carpet business will continue to be led by Robin McCann, general manager.
For additional information, visit www.omnova.com.