PolyOne Acquires Spanish Masterbatch Company
PolyOne Corporation, a global provider of specialized polymer materials, services and solutions, announced the acquisition of IQAP Masterbatch Group S.L., a privately owned and innovative provider of specialty colorants and additives based in Spain with customers throughout Europe.
Founded in 1979 by Xavier Rovira, IQAP has built a technical and broad solutions portfolio that serves high-growth end markets consistent with PolyOne's focus, including transportation, packaging, consumer, wire & cable, and textiles. With two production facilities and a technology lab located in Spain, plus additional manufacturing capability in the Czech Republic, PolyOne will implement its proven invest-to-grow approach to integration and customer service.
"IQAP is a fantastic addition to our longstanding and growing expertise in color and additives innovation," said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation. "The end markets that IQAP serves are perfectly aligned with areas PolyOne knows very well, and together we will advance the possibilities for our European customers working to meet demanding new standards for design, functionality and performance."
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