IHS Chemical Week

People & Business :: Companies

A. Schulman acquires plastics compounder Perrite Group in $52-million deal

12:14 PM MDT | September 3, 2013 | Francinia Protti-Alvarez

A. Schulman has purchased the Perrite Group (Warrington, UK), a thermoplastics manufacturing business with operations in Malaysia, the United Kingdom, and France, for approximately $52 million, Schulman announced today. Perrite was part of the Vita Group (London) portfolio of companies. Schulman anticipates a 35% increase in its Asia/Pacific revenue, with the company's engineered plastics business in the region expected to double in size as a result of the deal. The acquisition is expected to deliver synergies leading to $2–3 million in annualized cost...

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