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Markets :: Engineering Plastics :: High-temperature polymers
PolyOne Acquires Specialty Healthcare Company
8:53 AM MST | December 24, 2009 | Lindsey Bewley
PolyOne says it has acquired substantially all of the assets of New England Urethane (NEU; North Haven, CT) for $12 million. NEU is a custom compounder of high-performance engineering thermoplastics for the healthcare market. The purchase price includes an earn-out payable in 2011, PolyOne says. “This acquisition illustrates our commitment to investing in and growing our healthcare business, which we have said publicly is a focus market for PolyOne,” says Robert M. Patterson, senior v.p. and CFO at PolyOne. “At a purchase price of approximately...
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