CLEVELAND, June 4 /PRNewswire/ -- Noveon, Inc. announced today that it had
acquired the assets of Multiquim S.A. as part of its aggressive strategy to
expand its presence in Latin America. Multiquim is a leading supplier and
marketer of personal care, pharmaceutical and other products in Mexico. The
purchase price was not disclosed.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b )
"Latin America represents an exciting growth opportunity for Noveon,"
Steve Demetriou, Noveon president and chief executive officer, said. "This
acquisition will directly benefit our personal care and pharmaceuticals
business, while serving as a foundation to expand Noveon's presence in Latin
America."
According to Bill Sedlacek, Noveon Sr. Vice President and General Manager,
Personal Care and Pharmaceuticals, "Multiquim is an outstanding company with a
solid record of success that will continue to enhance our growth opportunities
in the region."
Noveon is a leading global producer and marketer of technologically
advanced specialty chemicals for a broad range of consumer and industrial
applications. Noveon is headquartered in Cleveland, Ohio, with regional
centers in Brussels, Belgium, and Hong Kong. The company had sales in 2001 of
$1.1 billion and employs about 2,800 at office and manufacturing locations
around the world.
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.
 back to top
Related links:
http://www.noveoninc.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
CONTACT:
Media, Rob Jewell, +1-216-447-5255, or
Investors, Sean Stack, +1-216-447-6494, both of Noveon, Inc.
|
