CLEVELAND, March 5 /PRNewswire/ -- Noveon, Inc. announced today that it
had purchased sheet extrusion technology and other assets from SJM Eurostat
S.A. (SJM). The purchase price was not disclosed. SJM, headquartered in
Point-de-Poitte, France, is a leading supplier of static control products to
the electronics industry in Europe.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b )
Under the terms of the purchase agreement, Noveon will immediately begin
servicing all existing SJM electrostatic discharge (ESD) sheet customers with
SJM toll-producing extruded sheet products for sale exclusively by Noveon.
The sheet extrusion technology acquired by Noveon includes carbon-filled HIPS,
ABS/PC, HDPE and EVA. Noveon will also introduce a new dual-layer HIPS
product which combines the conductive, carbon-filled technology from SJM with
a layer of dissipative, Stat-Rite(R) polymer technology from Noveon.
"This purchase supports Noveon's strategy of offering a comprehensive line
of ESD sheet and compound products to meet the performance needs of our global
customer base," said Tim Fahey, Global Business Director of Noveon static
control product lines. "Acquiring this technology from SJM Eurostat expands
our sheet product portfolio and immediately enhances our ability to serve
thermoforming customers as well as the electronics industry in Europe," Fahey
said.
For more information about this Noveon acquisition, please visit the
Noveon static control products website at http://www.stat-rite.com .
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 as of the date hereof. The
Company undertakes no obligation to publicly release the result 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
http://www.stat-rite.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/156774.html
CONTACT:
Sean Stack of Noveon, Inc., +1-216-447-6494
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