PolyOne purchases Brazilian compounder, distributor for $21 million


PolyOne has acquired Brazilian compounder and distributor Uniplen Indústria de Polímeros Ltda. for an upfront cash purchase price of $21 million, marking its second acquisition in South America's largest market in the last three months.

Stephen D. Newlin, PolyOne's chairman, president, and CEO said the combination of Uniplen and the company's October 2010 acquisition of Polimaster "firmly establishes [PolyOne's] specialty product offering and overall customer service capabilities in Brazil." Uniplen had revenues of approximately $34 million in 2010; PolyOne recorded 2009 revenues of $2.1 billion....
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