PolyOne acquires Gordon Composites and Polystrand for $85.5 million

PolyOne Corporation, the US-based provider of specialised polymer materials, services and solutions, has acquired two specialty businesses from Gordon Holdings for $85.5 million. The acquired businesses design and produce innovative, lightweight, high-performance solutions, utilising advanced composite technology and state-of-the-art manufacturing capabilities.

Bolstering PolyOne’s existing portfolio of thermoset composite solutions is the acquisition of Gordon Composites, which develops high strength profiles and laminates for use in vertical and crossbow archery, sports and recreation equipment, prosthetics, and office furniture systems.  

The second acquired business, Polystrand, operates on the leading edge of continuous reinforced thermoplastic composite technology, a next generation material science that delivers the high strength and lightweight characteristics of composites, further enhanced with the design flexibility to form more complex shapes. Current application usage includes materials for the aerospace, transportation, outdoor and security and protection markets.  Both acquired businesses will join PolyOne's existing portfolio of complementary solutions in a new comprehensive platform to be called PolyOne Advanced Composites.