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Business
Mexichem Will Buy A PolyOne Business
by Alexander H. Tullo
April 1, 2013
| A version of this story appeared in
Volume 91, Issue 13
Plastics formulator PolyOne has agreed to sell its polyvinyl chloride dispersion, blending, and suspension resins operations to Mexican PVC and fluorochemicals maker Mexichem for $250 million. The PolyOne unit generated $147 million in revenues in 2012. The sale marks PolyOne’s exit from making PVC resin. The company earlier sold PVC- and chlorine-related assets to Occidental Chemical and Olin. PolyOne has been trying to focus on specialty polymer compounds. Last November, it agreed to buy rival Spartech for $393 million.
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