Specialty Chemicals M&A » By The Online Investor Staff, updated Fri., Apr. 19, 5:45 PM
Recent mergers and acquisitions in the Specialty Chemicals M&A category.
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Slide #55. A. Schulman — Network Polymers
Acquirer:
A. Schulman (SHLM)
Acquiree:
Network Polymers
Details:
A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today that it has reached an agreement in principle to purchase Network Polymers, Inc., a U.S. niche engineered plastics compounding and distribution business, for approximately $50 million, subject to completion of due diligence. The transaction is anticipated to close within the next few months.
A. Schulman is a supplier of plastic formulations, resins, and services and provides solutions to meet its customers' requirements through proprietary and custom-formulated products. Co.'s customers span a range of markets such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure. Co. has three product families: Engineered Composites; Custom Concentrates and Services, which consists of Custom Performance Colors, Masterbatch Solutions, and Specialty Powders product groups; and Performance Materials, which consists of Engineered Plastics and Distribution Services product groups.
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