CLEVELAND, Jan. 6 /PRNewswire/ -- Noveon, Inc. announced today that it has
acquired Scher Chemicals, Inc., a manufacturer of emollient and surfactant
specialty chemicals used in cosmetic and other personal care formulations.
This investment expands Noveon's personal care product offering to include
specialty emollients and other ingredients important to its customer base.
Scher markets their products under the brand names Schercemol(TM),
Schercoquat(TM), Schercomid(TM), and Hydramol(TM). The products are widely
used globally throughout the personal care industry. The terms of the
agreement were not disclosed.
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According to Bill Sedlacek, Sr. VP and General Manager of Noveon's
Personal Care and Pharmaceutical product lines, "The acquisition of the Scher
product line is another step in our effort to expand Noveon's global product
offering as a key personal care ingredients supplier. We are very excited
about these new product lines we can provide to our global customer base."
Noveon is a leading global producer and marketer of technologically
advanced specialty chemicals for a broad range of consumer and industrial
applications with revenues in 2002 of $1.1 billion. Noveon is headquartered
in Cleveland, Ohio, with regional centers in Brussels, Belgium, and Hong Kong.
This release contains forward-looking statements that relate to future
events or performance. These statements reflect the Company's current
expectations, and the Company does not undertake to update or revise these
forward-looking statements, even if experience or future changes make it clear
that any projected results express or implied in this or other Company
statements will not be realized. Furthermore, investors are cautioned that
these statements involve risks and uncertainties, many of which are beyond the
Company's control, which could cause actual results to differ materially from
the forward-looking statements. Further information about these risks can be
found in the Company's filings with the Securities and Exchange Commission.
Investors are cautioned not to place undue reliance on any forward-looking
statements contained herein, which speak only of the date hereof. The Company
undertakes no obligation to publicly release the results of any revisions to
these forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
SOURCE Noveon, Inc.
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Related links:
http://www.noveoninc.com
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CONTACT:
Investors & Media, Sean Stack of Noveon,
Inc., +1-216-447-6494
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