PolyOne to buy Spartech for USD 393 million

With annual revenues of approximately USD 1.2 billion (~ EUR 923 million), Spartech is a producer of plastic products including polymeric compounds, concentrates, custom extruded sheet and rollstock products, and packaging technologies. Its three business segments, which operate 30 facilities in the USA, Mexico, Canada, and France, are said to annually process approximately 1 billion lbs (~ 454 kt) of plastic resins, plastic alloys, and colour and speciality compounds. The transaction is expected to close in the first quarter of 2013.

PolyOne is a compounder and distributor of polymeric materials with 2011 revenues of approximately USD 2.9 billion (~ EUR 2.2 billion). Spartech expands PolyOne’s portfolio with adjacent technologies in end markets where it already participates as well as new ones like aerospace and security. PolyOne expects the deal to lead to annual savings of approximately USD 65 million (~ EUR 50 million) through synergies by the third year following the acquisition.