 "PolyOne buys Kraton's thermoplastic elastomer assets for $ 72 mn")
PolyOne Corporation, a provider of specialised polymer materials, services and solutions, has acquired certain thermoplastic elastomer (TPE) technologies and assets from Kraton Performance Polymers Inc for $ 72 million. The two companies also entered into a supply agreement, whereby Kraton will provide PolyOne certain raw materials used in production for the acquired business.
“Since our highly successful TPE acquisition of GLS in 2008, we have continually invested in, globalised and grown in TPE innovation and its broad value-added uses. We are very pleased to have made this investment for our customers and their product design, development and performance goals. The integration will be swift and seamless, as we leverage our existing TPE know-how, global reach, and commercial expertise to help our customers in new and innovative ways,” said Robert Patterson, president and chief executive officer, PolyOne Corporation.
The end markets utilising the acquired technologies span new and fast growing applications in adhesive and removable protective films, as well as existing applications served by PolyOne, such as packaging, medical devices and personal care products.
"This transaction allows PolyOne and Kraton to focus on our core competencies and help our customers with new and unique solutions that differentiate them in the marketplace,” commented Kevin Fogarty, president and chief executive officer of Kraton.
“Since our highly successful TPE acquisition of GLS in 2008, we have continually invested in, globalised and grown in TPE innovation and its broad value-added uses. We are very pleased to have made this investment for our customers and their product design, development and performance goals. The integration will be swift and seamless, as we leverage our existing TPE know-how, global reach, and commercial expertise to help our customers in new and innovative ways,” said Robert Patterson, president and chief executive officer, PolyOne Corporation.
The end markets utilising the acquired technologies span new and fast growing applications in adhesive and removable protective films, as well as existing applications served by PolyOne, such as packaging, medical devices and personal care products.
"This transaction allows PolyOne and Kraton to focus on our core competencies and help our customers with new and unique solutions that differentiate them in the marketplace,” commented Kevin Fogarty, president and chief executive officer of Kraton.