OK
The Universal Selection Source:
Coatings Ingredients
Industry News

Noveon Buys Certain Assets and Technology from CDI Dispersions, Will Expand Cincinnati Plant

Published on 2002-12-03. Author : SpecialChem

CLEVELAND, Dec. 2 -- Noveon, Inc. announced today that it has acquired certain assets, technology and other intellectual property from CDI Dispersions and that it will expand manufacturing capacity at its Noveon Hilton Davis subsidiary in Cincinnati, Ohio. CDI Dispersions, headquartered in Newark, New Jersey, is a leading supplier of dispersions. The terms were not disclosed.

"The acquisition of this technology as well as the investment in ourCincinnati facility represents another step in our aggressive growth strategy for Noveon and reemphasizes our commitment to expanding our dispersions product lines," Tom Holleran, Noveon vice- president and general manager, food, beverage and polymer additives, said.

Noveon Hilton Davis produces colors and dispersions that are used by customers in a host of end-products for various food and beverage, coatings, personal care, home care, pharmaceutical and industrial applications.

The expansion of manufacturing capacity at the Cincinnati facility will include significant building renovation and the addition of specialized milling and grinding equipment. The work will begin immediately and be concluded during the first quarter of 2003.

Noveon currently employs 170 at Cincinnati and about 2,800 at office and manufacturing locations around the world. The cost of the investment at Cincinnati was not disclosed.

Noveon is a leading global producer and marketer of technologically advanced specialty chemicals for a broad range of consumer and industrial applications. Noveon is headquartered in Cleveland, Ohio, with regional centers in Brussels, Belgium, and Hong Kong. Noveon had sales in 2001 of $1.1 billion.

Source: Noveon, Inc.


Halcyon Group 3rd R&D Innovation Summit
Back to Top