OMNOVA Solutions Inc. announced its intention to establish a new reporting structure with two reporting segments one focused on OMNOVA's specialty businesses and the second focused on the company's more mature businesses. The businesses included in the current Performance Chemicals and Engineered Surfaces reporting segments will be folded into the new segments. The company expects to finalize and begin reporting under the new structure in its fiscal 2017 second quarter. The specialty segment will include OMNOVA's higher growth business lines. These serve robust markets and applications where specialization is valued and rewarded, with the potential for sustainable operating profit margins in the high teens. This business grouping is likely to include coatings, adhesives, sealants and elastomers (C.A.S.E.), nonwovens, laminates and films, and oil & gas additives. The second segment will include those businesses that serve more mature markets where OMNOVA has leading positions with established product brands. The primary goal of these businesses will be to continue to grow operating profit, expand margins, increase cash generation, optimize product mix and provide selective innovation to maintain their leading positions. This grouping is likely to include coated fabrics, paper and carpet chemicals, tire cord, and various individual product lines.