People & Business :: M&A
PolyOne acquisition of Spartech approved by shareholders
11:08 AM MDT | March 13, 2013 | Francinia Protti-Alvarez
Shareholders of Spartech (Clayton, MO), a custom plastic sheet, rollstock, and packaging solutions company, have approved PolyOne's $393-million acquisition of the company. PolyOne expects to close the deal on 13 March. "This acquisition further strengthens our specialty platform by enabling us to better serve customers with adjacent technologies in attractive end-markets," says Stephen Newlin, PolyOne chairman and CEO. Following the acquisition, PolyOne says it will make changes to its reporting structure. PolyOne's specialty platform...
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