PolyOne purchases compounding business from Kraton Performance Polymers

10/02/2016

PolyOne Corp. (Cleveland, OH) has acquired certain technologies and assets from Kraton Performance Polymers Inc. (Houston, TX) related to its compounding business for $72 million in cash. The two companies have also entered into long-term supply agreement, whereby Kraton will provide PolyOne certain raw materials used in production for the acquired business. As part of the acquisition, PolyOne looks to expand on its global footprint and expertise in thermoplastic elastomer (TPE) innovation and design.

The end markets that will benefit from the acquired technologies span new and fast growing applications in adhesive and removable protective films, as well as current applications served by PolyOne, such as packaging, medical devices and personal care products.
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