Omnova Closes Purchase of a Dow Pigment Business
May 18, 2010
The Associated Press reports that specialty chemical maker Omnova Solutions Inc. has completed the $2.5 million acquisition of Dow Chemical Co.''s hollow-sphere plastic pigment product line. With the purchase, Omnova will also terminate the RohmNova paper coatings joint venture that it had operated since 2002 with Rohm and Haas Co. Dow bought specialty chemicals maker Rohm and Haas last year. Dow will pay Omnova $9.7 million to end the joint venture, Omnova said in a regulatory filing. The deals closed late Friday, after the Federal Trade Commission approved Omnova''s purchase of the Dow business line.