Issue Date: October 10, 2011
PolyOne Is Buying ColorMatrix
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.
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