FAIRLAWN, Ohio (Oct. 10)—Rohm and Haas Co. and Omnova Solutions Inc. have signed a letter of intent to form a global joint venture to market, sell and service latex binders, synthetic pigments and specialty additives for coating applications in the paper and paperboard industry. The letter of intent was signed Oct. 1, with a final agreement expected to be completed within a few months. The venture will leverage the strengths of Philadelphia-based Rohm and Haas and Fairlawn-based Omnova, including their technical service capabilities, complementary product lines and geographic reach, the companies said. The venture is an extension of a strategic alliance the firms formed in January.
Omnova, Rohm and Haas to form paper coatings joint venture
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