A. Schulman acquires Prime Colorants

A. Schulman has purchased Prime Colorants, a manufacturer of custom colors and additive concentrates in Franklin, TN, for approximately $15.1 million.

"This latest acquisition is part of our ongoing strategy to grow our custom color capabilities in the United States, as well as further transform our U.S. operations from commodity products to a business focused on niche products and services. Color remains an area of opportunity for us in the United States, and the acquisition of Prime will enable us to serve customers better by offering color expertise in an area of the country where we were not previously located," said Joseph Gingo, chairman, president and CEO of A. Schulman, in a news release.

"Additionally, this added capacity will complement our recent acquisition of the Perrite Group which brought us additional color capabilities in Malaysia, as well as our acquisition of Network Polymers which added to our niche business in the United States," he said.

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