A. Schulman concludes Network Polymers take over deal

The Ohio-based A. Schulman Inc, a leading international supplier of high-performance plastic compounds and resins, has completed its acquisition of Network Polymers Inc, a US 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 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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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.