OMNOVA Solutions Changes Business Group Structure
FAIRLAWN, OH - OMNOVA Solutions announced a new business group management structure within its Performance Chemicals segment.
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.
Oilfield Solutions, led by Jeff Chaapel, General Manager, will build upon the company's position in technologies for oil and gas drilling fluids and well cementing applications. In addition, OMNOVA will look to extend its differentiated chemistries into new applications for the oilfield market. Chaapel recently joined OMNOVA Solutions with nearly 20 years experience in drilling chemicals and production.
Coating Specialties, led by Rick Sandford, General Manager, will leverage OMNOVA's strong brands and deep 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. In addition, this business group will continue to develop value-added solutions for the home and personal care market, such as floorcare polymers and opacifiers used in soaps and cosmetics.
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.
OMNOVA's Paper and Carpet business has been renamed Performance Materials, and will continue to be led by Robin McCann, General Manager. This global business will be more broadly focused on higher growth packaging and specialty paper applications.