OMNOVA's acquisition of ELIOKEM in December 2010 combines two of the world's leading technology innovators into a single, integrated global specialty chemicals provider. Together, along with our Decorative Products business, OMNOVA is a much larger, more diverse specialty chemical and functional surfaces company with significantly enhanced global capability.
This combination of ELIOKEM and OMNOVA's Performance Chemicals business greatly enhances our ability to serve customers around the world through an enhanced manufacturing base in Europe, China, India and the United States .Like OMNOVA, ELIOKEM has participated in highly specialized chemical applications where it can leverage its innovative technologies, providing value to its customers. ELIOKEM manufactures and markets specialty emulsion polymers in dry and latex forms, as well as powder and liquid antioxidants.
These products and technologies will enable OMNOVA to offer a wider range of solutions to customers in our core markets and increase our penetration into new paint and coatings, elastomeric modifiers, antioxidants, specialty rubbers and reinforcing, oilfield and specialty lattices.