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PolyOne (POL) Reports Acquisition of Color & Additive Masterbatch Business from Clariant

December 19, 2019 5:50 AM EST

PolyOne Corporation (NYSE: POL) today announced that it has entered into an agreement with Clariant to purchase its global color and additive masterbatch business. In addition, PolyOne has entered into an agreement with Clariant Chemicals India Ltd. to purchase its color and additive masterbatch business [collectively, "the business" or "the acquisition" or "the transaction"].

The combined net purchase price is $1.45 billion (see Attachment 1), representing an 11.1x multiple of last twelve months adjusted EBITDA, or 7.6x including anticipated synergies.

"This will be a truly transformational acquisition for both PolyOne and Clariant customers and... More