PolyOne to Acquire Certain Assets of Novatec Plastics

19-May-2005

PolyOne Corporation announced that it has signed a definitive agreement to acquire certain assets of Novatec Plastics Corporation, a compounding business owned by PVC Container Corporation.

PolyOne will acquire Novatec's equipment, compounding recipes and customer list. Production will be transferred to PolyOne facilities over the next few months, after which the Novatec plant will close. Purchase price was not revealed. The deal is expected to close by the end of May.

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