Industry News

PolyOne Acquires Composites and Polystrand Businesses from Gordon Holdings

United States: PolyOne Corporation, a global provider of specialized polymer material, solutions and services has acquired the composites and polystrand business of Gordon holdings. The acquisition of both the businesses was carried out at USD85.5 million. The transaction also includes acquisition of all the business assets, intellectual properties, trademarks and production assets related to both the businesses of the company. Gordon’s composites business provides solutions using advanced composite technology and the polystrand business delivers solutions by utilizing reinforced thermoplastic composite technology. PolyOne would include both the acquired businesses in the existing portfolio of complementary solutions as a new platform – PolyOne Advanced Composites. The company is also expected to add USD40 million of revenue to the exiting revenues.   

TechSci Research depicts that the acquisition of composites and polystrand businesses by PolyOne Corporation would further strengthen the company’s specialized portfolio of composite solutions thereby aiding the company to address the growing demand from customers across the globe. Furthermore, expanding thermoset composites industry would generate increased demand for masterbatch for providing strength and imparting specific properties to the thermoset composites.   

According to recently published TechSci Research report, Global Masterbatch Market  By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 – 2021”, global masterbatch market size is estimated to cross USD16 billion in 2016. Growth in the market is anticipated on account of continuously increasing demand from major end use industries, such as packaging, food processing, building & construction, and automotive industries. Moreover, masterbatch consumption in packaging has increased significantly across the globe over the last five years due to rising popularity of small pack sizes, expanding sales and distribution network of plastic processors and plastic products, as well as growing use of flexible packaging market.

Relevant News