PolyOne Buys TPE Business from Kraton
Expanding on its global footprint and expertise in thermoplastic elastomer (TPE) innovation and design, PolyOne Corporation, Avon Lake, Ohio, USA, announced that it has acquired certain technologies and assets from Kraton Performance Polymers, Inc., Houston, Texas, USA, for a purchase price of USD 72 million. The two companies also entered into a supply agreement, whereby Kraton will provide PolyOne certain raw materials used in production for the acquired business.
The end markets utilizing the acquired technologies span new and fast growing applications in adhesive and removable protective films, as well as existing applications served by PolyOne, such as packaging, medical devices and personal care products. "Since our highly successful TPE acquisition of GLS in 2008, we've continually invested in, globalized and grown in TPE innovation and its broad value-added uses," said Robert M. Patterson, president and chief executive officer, PolyOne Corporation. "The integration will be swift and seamless, as we leverage our existing TPE know-how, global reach, and commercial expertise to help our customers in new and innovative ways," Patterson added.
Kraton Polymers LLC
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