A. Schulman, Inc. announced today that it has completed its acquisition of Network Polymers, Inc., a U.S. niche engineered plastics compounding and distribution business. The acquisition agreement was first announced on May 28, 2013, and the purchase price was approximately $49.5 million.
"With this acquisition, we are taking another step to strengthen our U.S. business by expanding our capabilities in niche engineered plastics," said Joseph M. Gingo, Chairman, President and Chief Executive Officer, A. Schulman. "We will continue to aggressively pursue acquisitions that are aligned with our global growth strategy to focus on niche products. We welcome everyone at Network Polymers to the A. Schulman team and look forward to their contributions."
The addition of Network Polymers expands A. Schulman's product offerings with a broad spectrum of custom resins and alloys to meet customer-specific product design and manufacturing requirements, including the Centrex® ASA family of products and the Diamond Polymer brand of ABS, ABS/PC, ASA and ASA/PC thermoplastic products. The acquisition also provides greater penetration in key markets such as building and construction, agricultural products, and lawn and garden, as well as the opportunity to leverage existing A. Schulman products and technology to a wider customer base.
About A. Schulman, Inc.
A. Schulman，Inc。是位于俄亥俄州阿克伦市的高性能塑料化合物和树脂的领先国际供应商。自1928年以来，该公司一直在提供创新的解决方案，以满足客户的苛刻要求。该公司的客户跨越了各种各样的市场，例如包装，移动性，建筑和建筑，电子和电气，农业，个人护理和卫生，体育，休闲和家庭，定制服务等。该公司拥有大约3,400名员工，并在全球拥有36个制造设施。A.舒尔曼报告截至2013年8月31日的财政年度的净销售额为21亿美元。
来源：http://www.aschulman.com