Canadian Plastics

A. Schulman buying compound maker Network Polymers

In a bid to strengthen its U.S. position, resin maker A. Schulman Inc. is acquiring Akron, Ohio-based engineering resin compounder and distributor Network Polymers Inc. for US$50 million,

May 29, 2013   Canadian Plastics

In a bid to strengthen its U.S. position, resin maker A. Schulman Inc. is acquiring Akron, Ohio-based engineering resin compounder and distributor Network Polymers Inc. for US$50 million,

The transaction is anticipated to close within the next few months.

“Network Polymers is an excellent fit with our ongoing strategy as we continue to enhance our niche engineered plastics business in the U.S.,” said Joseph M. Gingo, Akron-based A. Schulman’s chairman, president and CEO. “Network Polymers will provide greater penetration in key markets such as building and construction, agricultural products, and lawn and garden. It also brings strong technical expertise and a seasoned sales force that will help to leverage existing A. Schulman products and expertise to a wider customer base. In addition, the combination will expand our distribution business in the U.S.”

Network Polymers operates from a 72,000-square-foot manufacturing facility in Akron and employs 70. It recorded revenues of US$65.3 million in fiscal 2012.


Print this page

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *

*