A Schulman Inc acquires Network Polymers Inc approximately $49.5 million

A Schulman completes acquisition of Network Polymers

9:19 AM, 4th December 2013
A Schulman Inc business acquisition news

AKRON, US: A Schulman Inc has completed its acquisition of Network Polymers Inc, a US niche engineered plastics compounding and distribution business. The purchase price of the acquisition is approximately $49.5 million.

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. 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.

“With this acquisition, we are taking another step to strengthen our US business by expanding our capabilities in niche engineered plastics. We will continue to aggressively pursue acquisitions that are aligned with our global growth strategy to focus on niche products,” said Joseph M Gingo, Chairman, President and Chief Executive Officer, A Schulman.

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