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4-Traders Homepage  >  Equities  >  Nyse  >  OMNOVA Solutions Inc.    OMN

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OMNOVA Solutions Inc. : OMNOVA Unveils New “Do It All” Boltaflex® Upholstery Designs

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03/01/2012 | 09:12pm CET

Fairlawn, Ohio
NYSE: OMN

Fairlawn, OH, March 1, 2012 (NYSE: OMN) - OMNOVA Solutions is excited to unveil Element and Fortress, its newest Boltaflex® contract upholstery designs for today's most discerning designers. Both patterns features an expansive color palette of on-trend hues, a durable vinyl construction and a protective finish to meet the requirements of today's most demanding interior spaces, including healthcare, hospitality and corporate office. The proprietary coatings utilized on these designs make them ideal for many healthcare applications by providing superior chemical resistance and enabling the use of a broad range of cleaners and disinfectants without discoloring or damaging the finish. Designers and manufacturers will seek out Element and Fortress for their performance attributes but will be enticed by all their design possibilities.

Elementis a wonder to behold with its lattice work of vertical and horizontal lines racing across a field of rich color, evoking thoughts of a challenging maze or a bird's eye view of a busy cityscape. Influenced by Asian screens, the lines of the pattern intersect at seemingly random points, enabling its lush, stippled background to show through in a variety of geometric shapes. Element features a palette of ten contemporary colors, including several knockout red, blue and green offerings, as well as a variety of jewel and earth tones. Combined with a minimalist emboss and OMNOVA's legendary PreFixx® protective finish, Element offers the full package of luxury, comfort and durability sought after for today's contemporary interiors. PreFixx protective finish delivers the industry's best-in-class performance, durability and easy maintenance to OMNOVA's upholstery products.

Designed specifically for the healthcare market, Fortress features a robust construction with a faux leather grain. It features a proprietary protective coating that enables the upholstery to be safely cleaned and disinfected with many of the products used in today's healthcare settings without the worry of staining or damaging the finish. Despite the pattern's hardy build, it has a soft hand and can be tailored using traditional methods. Fortress is available in 16 high-fashion colors, including bold fuchsia, sky blue and emerald green selections, as well as a number of organic and jewel tones.

Boltaflexproducts have been a mainstay of hard working interiors for more than 50 years. For additional information on all Boltaflex contract upholsteries, including Elementand Fortress, visit www.omnova.com/boltaflex.

OMNOVA Solutions Inc. is a technology-based company with pro forma sales for the twelve months ending August 31, 2011 of $1.2 billion and a global workforce of approximately 2,700. OMNOVA is an innovator of emulsion polymers, specialty chemicals, and decorative and functional surfaces for a variety of commercial, industrial and residential end uses. Visit OMNOVA Solutions on the internet at www.omnova.com.

High-resolution photography available at: http://www.omnova.com/photos_coatedfabrics

BOLTAFLEX and PREFIXX are registered trademarks of OMNOVA Solutions Inc.


# # #


Contact: Patti Francis
Decorative Products
(330) 869-4544

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Financials ($)
Sales 2016 761 M
EBIT 2016 55,3 M
Net income 2016 -
Debt 2016 280 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 16,75
EV / Sales 2016 0,96x
EV / Sales 2017 0,89x
Capitalization 454 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 10,8 $
Spread / Average Target 7,0%
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Anne P. Noonan President, Chief Executive Officer & Director
William R. Seelbach Independent Non-Executive Chairman
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