Welcome Guest to Coatings World    Login || Register
Last Updated Sunday, October 4 2015

PolyOne to buy additives and colorants maker ColorMatrix Group

Published October 7, 2011
PolyOne Corporation has purchased for $486 million ColorMatrix Group, Inc., a manufacturer of specialty additives, liquid colorants and dosing technologies that serve diverse niche markets, such as rigid beverage and food packaging, performance molding and fiber.

Based in Berea, Ohio, ColorMatrix provides colorants for fluoropolymers and provides specialty additives that support fluoropolymers' unique high-performance properties such as lubricity, high-level heat insulation, static dissipation and x-ray opaqueness, the company said. Through its April 2011 acquisition of Gayson, ColorMatrix expanded its portfolio to include short turnaround, custom color dispersions used in silicone processing for a broad range of medical, consumer and automotive applications.

ColorMatrix achieved sales and EBITDA of approximately $196.8 million and $43.6 million respectively for the 12 months ended June 30, 2011.

"Not only will the acquisition of ColorMatrix accelerate our specialization strategy, it also expands our geographic presence in Asia and Brazil and creates an entry point into Russia," said Robert Patterson, executive vice president and chief financial officer. Approximately 70 percent of ColorMatrix's revenues are outside North America.

Headquartered in Cleveland, Ohio, PolyOne Corporation reported revenues of $2.6 billion in 2010.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Follow Coatings World On