PolyOne: Sale of Performance Products and Solutions completed
PolyOne has completed the sale of its Performance Products and Solutions (PP&S) business to SK Capital for USD 775 million in cash. The company said that proceeds from the sale will be used to strengthen its balance sheet and fund future growth initiatives, including investing in sustainable solutions and specialty acquisitions.
With sales of approximately USD 700 million, PP&S is a global provider of formulated PVC and PP-based solutions, as well as contract manufacturing services, primarily serving the North American Construction and Automotive end markets.
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