Noveon Base CaseBy Tom Steinert-Threlkeld | Posted 2003-10-01 Email Print
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The specialty-chemicals company needed to boost its returns, fast.
Noveon Base Case
Headquarters: 9911 Brecksville Rd., Brecksville, OH 44141
Phone Number: (216) 447-5000
Business: Makes and markets a variety of specialty chemicals used in personal-care products, drugs, foods, beverages, packaging, pipes, graphic arts, fabrics, papers and paints.
Chief Information Officer: Todd Nelson, vice president, global information technology
Financials in 2002: Net income of $34.7 million on revenue of $1.07 billion, a net profit margin of 3.2%.
Challenge: Meet growth and profit targets in order to reduce debt of nearly $1 billion taken on when company was created out of BFGoodrich in March 2001, via a leveraged buyout.