Polyone Acquires TPE Technology & Assets from Kraton

United States: Polyone Corporation, a specialty polymer manufacturer based in the US, has acquired certain thermoplastic elastomer technologies and assets from a leading global manufacturer of engineered polymers, Kraton Performance Polymers, Inc. The value of acquisition is estimated to be around USD72 million. Additionally, Polyone Corporation and Kraton Performance Polymers have entered into a supply agreement, according to which, the latter would provide certain raw materials to Polyone for application in the manufacturing process of the acquired business. Polyone has also announced plans to shut down its engineered thermoplastics production facility located in Wichita, Kansas, USA.

The products manufactured by acquired business unit would be supplied to adhesive, removable protective films, packaging, medical services and personal care product manufacturers. The acquisition and supply agreement signed between Polyone Corporation and Kraton Performance Polymers would enable both the companies to focus and improve their core competencies. Furthermore, this deal would enable Polyone Corporation to procure the necessary raw materials and improve its presence in the global masterbatch market.

According to the recent report published by TechSci Research, "Global Masterbatch Market By Type, By End User, By Region, Competition Forecast & Opportunities, 2011 - 2021”, the global market for masterbatch is projected to surpass USD16 billion by 2016 on account of increasing demand from major end use industries, such as packaging, food processing, building & construction, and automotive industries. White masterbatch accounts for the largest share in the global masterbatch market owing to their ability to blend with a large variety of thermoplastics.