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GenCorp Unveils Name For New Company

GenCorp, Fairlawn, Ohio, has announced that OMNOVA Solutions Inc. will be the name for its new spin-off company.OMNOVA Solutions will operate two of GenCorps businesses, the DecorativeandBuilding Products and the Performance Chemicals divisions.When the spin-off is completed, OMNOVA Solutions will become a publicly traded company, with approximately $766 million in sales and 2,600 employees worldwide. Its headquarters will remain in Akron, Ohio.OMNOVA Solutions conveys an all new identity and direction for the businesses into one strong and focused company, said John Yasinsky, chairman and CEO, GenCorp. He went on to say: Weve created this distinctive identity to demonstrate how significantly these businesses have been transformed over the past several years, and to reflect the vitality and enhanced potential they have operating as an independent company to generate even greater value for our customers and shareholders in the future."The company also unveiled a distinctive logo that, according to the company, exemplifies the commitment to innovation and marks an all new beginning.

September 1999