CLEVELAND, March 3 -- Noveon, Inc. announced today that it has purchased key water-based overprint coatings technology and manufacturing assets from Flint Ink Corporation as part of its strategy to expand its performance coatings graphic arts product lines. "The graphic arts industry is very important to Noveon and this acquisition strengthens our capability to serve customers in North America," said Steve Demetriou, Noveon president and chief executive officer. The acquisition covers Flint Ink's water-based formulations with the exception of MVTR, tobacco and security coatings, which Flint Ink will continue to produce. As part of this agreement, Flint Ink will continue to provide sales and service for the products and customers that are being transferred to Noveon. Customers should see no change from the level of service they have received in the past. "This transaction combines Noveon's expertise in coatings manufacturing and technology with Flint Ink's strong relationships in selling and servicing printing and packaging applications," said Alex Williamson, Noveon graphic arts business director.