Noveon, Inc. has acquired certain
assets, technology and other intellectual
property from CDI Dispersions
and will expand manufacturing
capacity at its Noveon Hilton Davis
subsidiary in Cincinnati, OH. Terms
were not disclosed.
“The acquisition of this technology,
as well as the investment in our
Cincinnati facility, represents another
step in our aggressive growth
strategy for Noveon and reemphasizes
our commitment to expanding
our dispersions product lines,” said
Tom Holleran, Noveon vice president
and general manager, food, beverage
and polymer additives.
The expansion of manufacturing
capacity at the Cincinnati facility will
include significant building renovations
and the addition of specialized milling
and grinding equipment. The work will
begin immediately and be concluded
during the first quarter of 2003