PolyOne (POL) Misses Q4 EPS by 3c
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Kraton Performance Polymers Announces Sale of Compounding Business to PolyOne Corporation for $72 million
February 3, 2016 6:45 AM UTCHOUSTON, Feb. 3, 2016 /PRNewswire/ -- Kraton Performance Polymers, Inc. ("Kraton") today announced that it has completed the sale of certain assets related to its compounding business to PolyOne Corporation (NYSE "POL") for $72 million in cash. Â In conjunction with the sale, Kraton and PolyOne have entered into a long term supply agreement, through which Kraton has exclusive supply rights for polymers used in the divested business.
Kraton's compound sales have primarily been directed into personal care, protective film, general compounds for consumer, medical & automotive applications, with the compound sales previously reported under the Specialty Polymers business line. Taking... More
PolyOne Acquires Certain TPE Assets from Kraton
February 3, 2016 6:45 AM UTCCLEVELAND, Feb. 3, 2016 /PRNewswire/ -- Expanding on its global footprint and expertise in thermoplastic elastomer (TPE) innovation and design, PolyOne Corporation (NYSE: POL) today announced it has acquired certain technologies and assets from Kraton Performance Polymers, Inc. (NYSE: KRA). The two companies also entered into a supply agreement, whereby Kraton will provide PolyOne certain raw materials used in production for the acquired business.
The end markets utilizing the acquired technologies span new and fast growing applications in adhesive and removable protective films, as well as existing... More
