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

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search