PolyOne introduces Specialty Engineered Materials segment

27-Mar-08
PolyOne is introducing Specialty Engineered Materials as a new reportable segment. Specialty Engineered Materials includes the business of the recently acquired GLS Corporation and the former North American Engineered Materials operating segment. This new unit will report to Craig Nikrant, vice president and general manager. "Specialty Engineered Materials reflects a strategic shift toward specialization and the transformation of this core business into a specialty solutions provider of engineering thermoplastics," said Stephen D. Newlin, chairman, president and chief executive officer. "Our GLS acquisition, coupled with our investment in key commercial and innovation resources, have positioned Specialty Engineered Materials to become one of PolyOne's most attractive global businesses." With the addition of GLS, the company said the Specialty Engineered Materials business can capitalize on escalating global demand for soft-touch products in many specialized, high-growth markets, including healthcare, aerospace, electronics, consumer and biopolymers, to deliver innovative solutions through metal-to-plastic conversions and newly developed eco-friendly materials, blends and alloys.
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