IHS Chemical Week

Markets :: Engineering Plastics :: Thermoplastic polyester

Schulman to acquire Ohio-based thermoplastic resin producer

11:31 AM MDT | May 29, 2013 | Lindsay Frost

A. Schulman has reached an agreement to acquire Network Polymers (Akron, OH), an engineered plastics compounding and distribution business, for approximately $50 million—subject to due diligence, the company says. The transaction is expected to close within the next few months. “Network Polymers is an excellent fit with our ongoing strategy as we continue to enhance our niche engineered plastics business in the US," says Joseph Gingo, chairman, president and CEO of A. Schulman. "Network Polymers will provide greater penetration in key...

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