People & Business :: M&A
A. Schulman Acquires ECM Plastics, Sells Ohio Vinyl Compounds Facility
9:04 AM MDT | August 20, 2012 | Lindsay Frost
A. Schulman has signed a definitive agreement to acquire ECM Plastics (Worcester, MA) for $36.5 million. The transaction is expected to close in early September. "With ECM's expertise in custom color matching, higher-value compounding, and specialty additive formulations, we believe they are an excellent strategic fit as we continue to focus on niche products,” says Joseph Gingo, chairman, president and CEO of A. Schulman. “We expect ECM to provide strong synergies when combined with our current masterbatch and engineered plastics businesses...
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