Home / News / PolyOne acquires specialty assets from Accella

PolyOne acquires specialty assets from Accella

16 Dec '14

2 min read

PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, has bought specialty assets from Accella Performance Materials, a leading North American manufacturer of liquid polymer formulations.

The acquired business joins PolyOne’s global colour, additives, and inks segment, and provides specialty coatings solutions and value-added services in a wide range of applications, including consumer products, interior, and under-the-hood automotive parts, outdoor recreational equipment, and food packaging.

John V. Van Hulle, president, global colour, additives, and inks, PolyOne Corporation said, “We’re thrilled to have acquired this specialty business and its innovative technologies, and we look forward to serving our newest customers with increased innovation, delivery, quality and services. The acquired Accella technology portfolio complements our existing specialty business, and expands our presence in fast-growing end markets that are aligned with key megatrends.”

Robert M. Patterson, president and chief executive officer, PolyOne Corporation said, “This is a compelling acquisition. Our invest-to-grow integration playbook is one we have historically executed with great success. We will leverage our best-in-class technical, commercial, and operational capabilities to drive growth for this new business, PolyOne, and most importantly our customers.”

With a purchase price of $49 million, PolyOne expects the acquisition to add $35 million to revenues and be accretive to earnings in 2015.

Accella Performance Materials will retain its polyurethanes and rubber products businesses.

PolyOne Corporation, headquartered in Ohio, is a global provider of specialized polymer materials, services, and solutions and has operations in thermoplastic compounds, specialty polymer formulations, colour and additive systems, thermoplastic resin distribution, and vinyl resins.

Accella Performance Materials is a group of chemical and material companies that combines the best of its people, technology, and manufacturing processes to drive innovation and sustainable solutions for its customers. (GK)

Fibre2fashion News Desk - India