FAIRLAWN, Ohio—Omnova Solutions Inc. has put a new business group management structure in place within its Performance Chemicals segment with the aim of improving the business on several fronts.
Its Specialty Chemicals operation will feature three global business groups that represent high growth market opportunities for the company: Oilfield Solutions, Coating Specialties and Specialty Ingredients.
The firm's Paper and Carpet business also has been renamed Performance Materials and will be focused more broadly on higher growth packaging and specialty paper applications, Omnova said.
“The 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.