PolyOne Corporation, a provider of specialised polymer materials, services and solutions, has acquired IQAP Masterbatch Group, a privately owned provider of specialty colourants and additives based in Spain with customers throughout Europe. IQAP has built a technical and broad solutions portfolio that serves high-growth end markets, as is PolyOne's focus.

Founded in 1979 by Xavier Rovira, IQAP has built a technical and broad solutions portfolio that serves high-growth end markets, including transportation, packaging, consumer, wire and cable, and textiles. With two production facilities and a technology lab located in Spain, plus additional manufacturing capability in the Czech Republic, PolyOnewill implement its proven invest-to-grow approach to integration and customer service.

"IQAP is a fantastic addition to our longstanding and growing expertise in colour and additives innovation," said Robert M Patterson, chairman, president and CEO, PolyOne Corporation. "The end markets that IQAP serves are perfectly aligned with areas PolyOne knows very well, and together we will advance the possibilities for our European customers working to meet demanding new standards for design, functionality and performance."

Rovira added, "I'm thrilled for IQAP customers and employees whose future can continue to grow and prosper as part of the global PolyOne family. We evaluated many potential buyers for IQAP, and PolyOne was the clear choice that best aligns with our vision and ideals for world-class innovation and customer service." (SV)

Fibre2Fashion News Desk – India

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