A. Schulman acquires engineered plastics compounder and distributor Network Polymers

03-Dec-13

A. Schulman, Inc. has completed its acquisition of Network Polymers, Inc., a U.S. niche engineered plastics compounding and distribution business. The acquisition agreement was first announced on May 28, 2013, and the purchase price was approximately US$49.5 mln. The addition of Network Polymers expands A. Schulman's product offerings with a broad spectrum of custom resins and alloys to meet customer-specific product design and manufacturing requirements, including the Centrex(R) ASA family of products and the Diamond Polymer brand of ABS, ABS/PC, ASA and ASA/PC thermoplastic products. The acquisition also provides greater penetration in key markets such as building and construction, agricultural products, and lawn and garden, as well as the opportunity to leverage existing A. Schulman products and technology to a wider customer base. "With this acquisition, we are taking another step to strengthen our U.S. business by expanding our capabilities in niche engineered plastics, " said Joseph M. Gingo, Chairman, President and Chief Executive Officer, A. Schulman. "We will continue to aggressively pursue acquisitions that are aligned with our global growth strategy to focus on niche products. We welcome everyone at Network Polymers to the A. Schulman team and look forward to their contributions."