PolyOne Signs Definitive Agreement to Acquire Clariant Color and Additive Masterbatch Business for USD 1.5 billion
PolyOne Corporation (NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, today announced that it has entered into an agreement with Clariant to purchase its global color and additive masterbatch business. In addition, PolyOne has entered into an agreement with Clariant Chemicals India Ltd. to purchase its color and additive masterbatch business. The aggregate transaction value amounts to USD 1.5 billion.
PolyOne, with 2018 revenues of $2.9 billion, is a premier provider of specialized polymer materials, services and solutions. PolyOne employs approximately 5,700 associates and is certified ACC Responsible Care® and a founding member of the Alliance to End Plastic Waste.
Niederer Kraft Frey acted as Swiss counsel to PolyOne in the transaction along US and international counsel Jones Day (James P. Dougherty / Benjamin L. Stulberg). The NKF team was led by Corporate / M&A partner Philippe Weber, working with partner Thomas Brönnimann (Corporate / M&A), tax partners Markus Kronauer and Daniela Schmucki and senior associate Deirdre Ni Annrachain and associate Samuel Hochstrasser (both Corporate / M&A).