Noveon Expands Performance Coatings Business by Purchasing Certain Assets of American Finish & Chemical Company

28-Jun-2002

CLEVELAND, June 27, 2002 - Noveon, Inc. announced today that it had purchased technology and other assets from American Finish & Chemical Company as part of its strategy to expand its performance coatings business. American Finish & Chemical Company, headquartered in Chelsea, Mass., is a supplier and marketer of custom emulsion-based coatings used in a variety of end products. The purchase price was not disclosed.

"Acquiring the compounding technology assets of American Finish & Chemical Company immediately enhances our ability to serve customers for flock adhesive products and will offer other growth opportunities involving environmentally friendly water based coatings," said Sarah Coffin, Noveon Senior Vice President & General Manager, Performance Coatings.

Noveon plans to consolidate manufacturing operations at the existing Noveon facility at Lawrence, Mass.

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