OMNOVA Solutions to Acquire Selected Assets of Decorative Surfaces International

Apr 24, 2001, 01:00 ET from OMNOVA Solutions Inc.

    FAIRLAWN, Ohio, April 24 /PRNewswire/ -- OMNOVA Solutions Inc. (NYSE:   OMN)
 announced today that it has reached an agreement with Decorative Surfaces
 International, Inc. (DSI) to acquire certain assets of DSI's Columbus Coated
 Fabrics unit, including its commercial wallcovering, laminates, coated fabrics
 and specialty films product lines and related equipment.  Terms were not
 disclosed.
     OMNOVA plans to consolidate manufacturing of these selected products into
 a number of its existing facilities.  For an initial interim transition
 period, DSI will continue to manufacture product to maintain customer service
 levels.
     "Both DSI and OMNOVA are committed to an expedited transition process,"
 said Kevin McMullen, OMNOVA Solutions' Chairman and Chief Executive Officer.
     "The acquisition of these DSI businesses is very much in line with
 OMNOVA's strategy to make focused, prudent investments that strengthen our
 competitive position in a difficult operating environment and provide for
 future growth," McMullen said.  "Acquiring these product lines will not only
 extend our market reach, but ensure greater utilization of a number of our
 plants and, therefore, should improve OMNOVA's overall profitability."
     The acquired assets pertain to several DSI product lines, including the
 Guard(R) and Satinesque(R) commercial wallcovering brands, vinyl-to-metal and
 vinyl-to-wood laminates, building products and specialty films.  These
 products serve a variety of end-use markets, such as hospitality, health care
 and office wall finishes, plus ready-to-assemble furniture, consumer
 electronics, kitchen and bath cabinets, and manufactured housing.
     "The DSI product lines we are acquiring complement OMNOVA's own market-
 leading brands and add to our strengths in these core market areas," said
 Kevin Byrne, OMNOVA Solutions' President, Decorative Products.  "This
 acquisition will allow us to add to the list of global customers who enjoy our
 best-in-class products and services."
     OMNOVA Solutions' Decorative Products Division is the global leader in
 commercial wallcovering and a major supplier of decorative laminates and
 coated fabrics.  OMNOVA Solutions Inc. is a technology-based company with 2000
 sales of $773 million and 2,500 employees worldwide.  In addition to
 decorative products, OMNOVA is a leader in single-ply commercial roofing
 systems, emulsion polymers and specialty chemicals.
 
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SOURCE OMNOVA Solutions Inc.
    FAIRLAWN, Ohio, April 24 /PRNewswire/ -- OMNOVA Solutions Inc. (NYSE:   OMN)
 announced today that it has reached an agreement with Decorative Surfaces
 International, Inc. (DSI) to acquire certain assets of DSI's Columbus Coated
 Fabrics unit, including its commercial wallcovering, laminates, coated fabrics
 and specialty films product lines and related equipment.  Terms were not
 disclosed.
     OMNOVA plans to consolidate manufacturing of these selected products into
 a number of its existing facilities.  For an initial interim transition
 period, DSI will continue to manufacture product to maintain customer service
 levels.
     "Both DSI and OMNOVA are committed to an expedited transition process,"
 said Kevin McMullen, OMNOVA Solutions' Chairman and Chief Executive Officer.
     "The acquisition of these DSI businesses is very much in line with
 OMNOVA's strategy to make focused, prudent investments that strengthen our
 competitive position in a difficult operating environment and provide for
 future growth," McMullen said.  "Acquiring these product lines will not only
 extend our market reach, but ensure greater utilization of a number of our
 plants and, therefore, should improve OMNOVA's overall profitability."
     The acquired assets pertain to several DSI product lines, including the
 Guard(R) and Satinesque(R) commercial wallcovering brands, vinyl-to-metal and
 vinyl-to-wood laminates, building products and specialty films.  These
 products serve a variety of end-use markets, such as hospitality, health care
 and office wall finishes, plus ready-to-assemble furniture, consumer
 electronics, kitchen and bath cabinets, and manufactured housing.
     "The DSI product lines we are acquiring complement OMNOVA's own market-
 leading brands and add to our strengths in these core market areas," said
 Kevin Byrne, OMNOVA Solutions' President, Decorative Products.  "This
 acquisition will allow us to add to the list of global customers who enjoy our
 best-in-class products and services."
     OMNOVA Solutions' Decorative Products Division is the global leader in
 commercial wallcovering and a major supplier of decorative laminates and
 coated fabrics.  OMNOVA Solutions Inc. is a technology-based company with 2000
 sales of $773 million and 2,500 employees worldwide.  In addition to
 decorative products, OMNOVA is a leader in single-ply commercial roofing
 systems, emulsion polymers and specialty chemicals.
 
                        MAKE YOUR OPINION COUNT - Click Here
                  http://tbutton.prnewswire.com/prn/11690X52727218
 
 SOURCE  OMNOVA Solutions Inc.