A. Schulman, Inc. (SHLM) to Acquire ECM Plastics, Inc

Article Stock Quotes (1) Comments (0)

A. Schulman, Inc. (Nasdaq: SHLM) announced today that it has signed a definitive agreement to acquire ECM Plastics, Inc., a privately owned, leading plastics compounder located in Worcester, Massachusetts, for $36.5 million. ECM Plastics, Inc. generates approximately $40 million in annual sales. After expected synergies, operating margins are projected to exceed 10%, with operating profit per pound to surpass 15 cents. The transaction is expected to close in early September pending the completion of closing requirements.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Correct: Buying Warner Chilcott plc (WCRX) Seen as Takeover Defense by Actavis (ACT)
• Cubist (CBST) Said to Bid $1B for Optimer (OPTR) Before Sales Proceeds - Reuters
• Brady (BRC) Plans Sale Plans to Unload Asia-based Die-Cut Unit

Create E-mail Alert Related Categories

Mergers and Acquisitions

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?