Type Public Industry Specialty Chemicals Revenue 759.9 million USD (2016) | Traded as NYSE: OMN Founded 1999 | |
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Key people Anne Noonan (President & CEO); Paul DeSantis (CFO) Net income -US$.4 million (FY 2016) Stock price OMN (NYSE) US$ 9.10 0.00 (0.00%)21 Mar, 2:45 PM GMT-4 - Disclaimer CEO Anne P. Noonan (1 Dec 2016–) Headquarters Fairlawn, Ohio, United States Subsidiaries OMNOVA Decorative Products (Thailand) Co Ltd | ||
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OMNOVA Solutions Inc., is an Global manufacturer of emulsion polymers, specialty chemicals, and functional and decorative surfaces. OMNOVA was founded in 1999 when GenCorp spun off its Decorative & Building Products and Performance Chemicals businesses into a separate, publicly traded company. OMNOVA's world headquarters is located in Beachwood, Ohio with additional sales, manufacturing and distribution locations through Europe and Asia.
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Products
OMNOVA produces a variety of products within two Business Units - Performance Chemicals and Engineered Surfaces. The Engineered Surfaces business the following divisions: Performance Chemicals, Pool Liner Films, Performance Films, Laminates, viewnique Digital Murals and Upholstery.
Performance Chemicals
According to OMNOVA's webpage, the Performance Chemicals business makes up about 75% of the Company's revenues. Emulsion polymers and specialty chemicals are key ingredients in products for a wide variety of end uses including architectural and industrial coatings; nonwovens used in hygiene products, filtration and construction; drilling additives for oil and gas exploration and production; elastomeric modification of plastic casings and hoses used in household and industrial products and automobiles; floor polishes and sealers; tire cord and other fabric reinforced rubber goods; molded rubber components; tapes and adhesives; sports surfaces; textile finishes; carpet backing; coated paper and packaging; and the list goes on.
The performance features of end use products that incorporate OMNOVA chemicals include stain, rust and aging resistance; surface modification; gloss; softness or hardness; dimensional stability; high heat and pressure tolerance; binding and barrier (e.g. moisture, oil) properties, and others.
Engineered Surfaces
OMNOVA's Engineered Surfaces business comprises the remaining 25% of the company's sales. Laminates, coated fabrics and films are primarily rolled goods (and occasionally sheets) of vinyl, polyurethane or paper. Superior durability, cleanability, stain and chip resistance, and design flexibility are hallmarks of these products. Additionally, the Engineered Surfaces Business Unit's products include viewnique digital wall murals which can be used to create branded interior for restaurants and retail chains.
Laminates
OMNOVA's laminate portfolio includes realistic woodgrains, faux marbles and granites, contemporary patterns and solids, available in a variety of textures, colors, and surface decorative and protective finishes in a range of constructions from cost-effective Paper Laminates to high-performance 3D (thermofoil) Laminates. OMNOVA's laminates are used to fabricate retail fixtures and displays, casework for hospitality and food service; kitchen and bath cabinetry; residential and commercial furniture; recreational vehicle and manufactured housing interiors; and luxury vinyl tile flooring.
Upholstery
OMNOVA's coated fabrics are primarily used in upholstered seating as a high performance alternative to textile upholsteries, which are costly and difficult to clean. Major and emerging automotive OEMs in Asia are increasingly depending on OMNOVA’s coated fabrics to upgrade the quality of their seating. Additionally, OMNOVA's vinyl and polyurethane upholstery is used across the global transportation sector in mass transit trains and buses, heavy duty trucks and boats. OMNOVA's upholstery products are also used in various contract applications including healthcare, casinos, hospitaility and corporate office.