PolyOne Sells Its Engineered Films Unit

Compounder and resin distributor PolyOne Corp., Avon Lake, Ohio, has completed the sale of its Engineered Films business to an investor group comprising members of the unit’s management team along with an investor group formed by Matrix Capital Markets.

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Compounder and resin distributor PolyOne Corp., Avon Lake, Ohio, has completed the sale of its Engineered Films business to an investor group comprising members of the unit’s management team along with an investor group formed by Matrix Capital Markets. PolyOne will retain a minority ownership interest in the new entity. The Engineered Films unit produces customized plastic films for applications such as automobile and truck interiors, flooring, wall coverings, and pool liners. Headquartered in Winchester, Va., the unit operates manufacturing facilities there and in Lebanon, Pa.