Supplier News (November 01, 2005)
PolyOne unloads Engineering Films unit...
PolyOne unloads Engineering Films unit
As part of its strategy to focus more on its plastics compounding, colours and additives masterbatch and distribution businesses, PolyOne Corp. has announced plans to sell its Engineering Films unit.
PolyOne announced on September 28 that the unit’s management team and an investment group formed by investment banking firm, Matrix Capital Markets, will take on responsibility for both the operating assets and liabilities of the Engineering Films unit.
It is headquartered in Winchester, Va., with manufacturing facilities both there and in Lebanon, Penn.
PolyOne’s Canadian subsidiary, PolyOne Canada Inc. manufactures vinyl compounds, ester plasticizers and colour masterbatches. The firm has facilities in Orangeville, Ont., Mississauga, Ont., Niagara Falls, Ont., and Valleyfield, Que.
Salina Vortex Corp., based in Salina, Kan. now has three Canadian sales and services offices: Edmonton, Mississauga, Ont. and Dorval, Que. Salina Vortex valves are used by the materials handling industry to control a variety of dry bulk solids.
As of Oct. 3, 2005 Jim Ley has rejoined the Stephen Sales Group as the mid-western Ontario sales manager including the Niagara Peninsula. Stephen Sales Group represents Conair (robots and auxiliary equipment), Davis-Standard (extrusion and reclaim equipment), Demag Plastics Group (injection molding machinery) and Littleford Day (high intensity mixers).