PolyOne Corp., Cleveland, has agreed to sell its vinyl dispersion, blending, and suspension resin assets to Mexichem, S.A.B., de C.V. of Mexico. “Since we began our specialty transformation, we have divested commodity equity investments including OxyVinyls in 2007 and SunBelt in 2011 and reinvested the proceeds to accelerate the growth of our specialty offerings,” said Stephen Newlin, PolyOne chairman, president, and CEO.
The sale involves the company’s only remaining business involved in direct manufacture of base resins. The resin sale does not affect PolyOne’s continuing business in Geon specialty PVC compounds.
PolyOne also finalized its acquisition of Spartech Corp., a leading producer of custom plastic sheet and rollstock and packaging solutions, which has resulted in a newly formed business segment: Designed Structures and Solutions (DDS). It will be comprised of Spartech’s former custom sheet and rollstock and packaging technologies businesses. Also included are cast acrylic sheet, tubes, rods, and shapes. Spartech’s color and specialty compounds business has been integrated into PolyOne’s Global Color Additives & Inks, Global Specialty Engineered Materials, and Performance Products & Solutions segments (the latter acquiring Spartech’s toll manufacturing business).