A.Schulman acquires Prime Colorants

A.Schulman, Inc. has purchased Prime Colorants Incorporated, a significant manufacturer of custom colors and additive concentrates in Franklin, Tennessee, for approximately $15.1 million.  The acquisition is part of the company’s ongoing strategy to expand its custom color capabilities in the United States, as well as further transform its U.S. operations from commodity products to a business focused on niche products and services.  It will also complement recent acquisition of the Perrite Group which brought A.Schulman additional color capabilities in Malaysia, as well as its acquisition of US-based Network Polymers.

For 38 years, Prime has provided pelletized color concentrates and dry powder color expertise to customers in the automotive and building and construction markets.  Prime also provides an entry point for A. Schulman in the liquid color market.  Prime employs approximately 50 people and expects revenues in calendar 2013 to be approximately $12 million.