A. Schulman (SHLM) to Acquire Elian SAS in $63M Cash Deal

A. Schulman, Inc. (Nasdaq: SHLM) has entered into a definitive agreement to purchase Elian SAS, a French portfolio company of British Vita plc, for approximately euro 48 million or $63 million in cash based on current exchange rates. Elian is a leading producer of highly specialized color masterbatch products. The transaction is expected to generate approximately $2.5 million of annual run rate synergies to be realized by the end of fiscal 2013. The transaction is anticipated to close in early February 2012.

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