PolyOne Corporation today announced the acquisition of Rutland Holding Company, expanding the company’s portfolio of specialty color, additives and inks solutions. Rutland specializes in customized formulations for consumer applications and is widely recognized as an industry leader in screen printing inks for the apparel market.
“PolyOne is a trusted resource for dynamic and innovative industries where color serves as the ultimate expression of consumer preference,” said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation. “This recent investment is a natural extension of all that we do in color – from InVisiOSM design services to additive technologies that enhance product performance beyond their appearance.”
Headquartered in Pineville, North Carolina, Rutland has global sales and operations and goes to market with brand names, including Rutland™, PRINTOP™, QCM™ and Union Ink™. PolyOne plans to continue marketing with these brands, as well as its own Wilflex™ products, based on customer specification and preference.
“Color and technology play an increasingly pivotal role for our customers in the apparel industry who have demanding performance expectations for how products look and feel,” added Mr. Patterson. “We have long distinguished ourselves in the industry as more than just a product provider, and we are thrilled to welcome Rutland to the PolyOne family as they share our passion for innovation and customer service.”
The company said that Rutland will be immediately accretive to earnings and plans to discuss the transaction in more detail on its second quarter earnings call.
Source: Street Insider
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.