Industry News

OMNOVA Solutions Announces Intention to Acquire Eliokem International from AXA Private Equity

Significantly increases OMNOVA's total size and scale to sales of more than $1 billion

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By: DAVID SAVASTANO

Editor, Ink World Magazine

OMNOVA Solutions Inc. announced that it has entered into an agreement with AXA Private Equity granting the company a period of exclusivity to acquire specialty chemicals manufacturer Eliokem International. Closing of the proposed transaction is subject to consultation with Eliokem’s Works Council in France, completion of a definitive agreement, regulatory approvals, financing and other customary conditions. Subject to these conditions, the company anticipates completion of the transact...

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