PolyOne buys Kraton TPE business for $72 million

PolyOne Corporation has acquired certain technologies and assets from Kraton Performance Polymers, Inc. The two companies also entered into a supply agreement in which Kraton will provide PolyOne certain raw materials used in production for the acquired business. The purchase price of $72 million represents a multiple of 9x EBITDA.

The end markets utilizing the TPE technologies span new and fast growing applications in adhesive and removable protective films, as well as existing applications served by PolyOne such as packaging, medical devices and personal care products.  

Since PolyOne's successful TPE acquisition of GLS in 2008, the company has continually invested in, globalized and expanded in TPE innovation and its broad value-added uses, according to Robert M. Patterson, president and chief executive officer at PolyOne.

As Mr. Patterson explained, the integration will be swift and seamless, and will expand PolyOne's expertise in providing customers globally with  new and innovative solutions.