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Noveon Acquires Scher Chemicals

January 13, 2004

Noveon, Inc., Cleveland, OH, announced today that it has acquired Scher Chemicals, Inc., a manufacturer of emollient and surfactant specialty chemicals used in cosmetic and other personal care formulations. Terms of the agreement were not disclosed.

Executives at the $1.1 billion company said this investment expands Noveon's personal care product offering to include specialty emollients and other ingredients important to its customer base. Scher markets products under the brand names Schercemol, Schecoquat, Schercomid and Hydramol. The products are used globally in the personal care industry.

According to Bill Sedlacek, senior vice president and general manager of Noveon's personal care and pharmaceutical product lines, "The acquisition of the Scher product line is another step in our effort to expand Noveon's global product offering as a key personal care ingredients supplier. We are very excited about these new product lines we can provide to our global customer base."
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