PolyOne has announced
its recent purchase of
Ohio-based ColorMatrix,
a maker of liquid colorants,
additives and fluoropolymers.
“Among the multitude of
opportunities we reviewed
this was by far the best,”
commented Stephen Newlin,
chairman, president and CEO
of PolyOne during a conference
call with stock analysts.
“ColorMatrix is a true specialty
company...with a relentless
focus on innovation and
customer service.”
Newlin described ColorMatrix’s
98 percent customer
retention level as “the highest
I’ve ever seen.” ColorMatrix has
annual sales of almost $200m
and recorded pre-tax profit of
almost $44m in the year ended
30
th
June. PolyOne’s John Van
Hulle described ColorMatrix as
“a highly specialized company
with a premiere suite of
application technologies”
and 162 patents.
ColorMatrix “has a strong
reputation for innovative
technologies,” he said during
the conference call.
Liquid colorants account for
42% of ColorMatrix’s sales,
with 38% coming from
performance additives
and 20% from fluoropolymers
and silicone colorants.
Chemical
acquisition
wiredInUSA - December 2011
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