wiredinUSA December 2011

INDEX

Chemical acquisition

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.

wiredInUSA - December 2011

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