Volume 89 Issue 41 | p. 22 | Concentrates
Issue Date: October 10, 2011

PolyOne Is Buying ColorMatrix

Department: Business
Keywords: elastomers, plastic additives, pigments, compounding
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Deal will increase PolyOne’s presence in the medical plastics market.
Credit: PolyOne
PolyOne’s acquisition of ColorMatrix will increase its presence in medical polymer markets, illustrated with this tubing.
 
Deal will increase PolyOne’s presence in the medical plastics market.
Credit: PolyOne

Plastics compounder PolyOne has agreed to acquire ColorMatrix for $486 million. ColorMatrix makes liquid colorants for plastics, with a particular niche in colorants and performance additives for fluoropolymers. It had before-tax earnings of $44 million on sales of $197 million in the 12-month period ending June 30. PolyOne says the deal builds on its 2008 acquisition of the thermoplastic elastomers firm GLS and will take it deeper into specialty materials.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

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