Home / Knowledge / News / Textiles / Polyone Corp acquires Magenta Master Fibers
Polyone Corp acquires Magenta Master Fibers
11
Dec '15
PolyOne Corporation, a supplier of specialised polymer materials, services and solutions has acquired Magenta Master Fibers, an innovative developer of specialty solid colour concentrates for the global fibre industry.

“PolyOne purchased Magenta from BASF for $22 million, which represents a multiple of 6.8x EBITDA and is expected to add $16 million to revenues and be accretive to earnings in 2016,” a PolyOne press release said.

Magenta's solutions span a wide range of uses, including clothing and apparel, outdoor equipment, high-performance products and multiple materials used in the transportation industry.

“And consistent with the megatrend of improving health and wellness, additional textile growth opportunities include, applications within the hygiene, healthcare and medical markets,” the company added.

With operations in Milan and Shanghai, 65 per cent of Magenta revenues are outside of North America.

Magenta will operate within PolyOne's Global Colour, Additives and Inks segment, which last month unveiled its revolutionary new ColorMatrix Fibre Colorant solution.

"PolyOne's unique, customer-first approach to colour and additive solutions begins with an unbiased perspective as to the technology, said John Hulle, president, Global Colour, Additives and Inks at PolyOne.

“By offering both liquid and solid masterbatch solutions, we better ensure that the chosen technology is the best one for each customer's specific needs," he observed.

"With our acquisition of Magenta, we're very pleased to be building this same, deep breadth of specialty solid and liquid colorant solutions for fibre applications," Hulle noted.

PolyOne Corporation, with 2014 revenues of $3.8 billion, is a premier provider of specialised polymer materials, services and solutions. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search