PolyOne to acquire Spartech for $393 million

PolyOne has agreed to acquire Spartech, the largest North American producer of plastic sheet, rigid barrier packaging, and specialty cast acrylics, for $393 million, including net debt. The deal expands PolyOne’s specialty portfolio into aerospace and security markets, and creates opportunities in health care, transportation, and consumer sectors. Newlin: Deal creates global opportunities. Spartech operates 30 facilities in the United States, Mexico, Canada, and France, and reported sales and adjusted Ebitda of...

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