https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
In December, we acquired Magenta Master Fibers from BASF,
which expanded our specialty colorant business for fiber
applications, as well as grew our resources and presence in
Europe and Asia.
Thermoplastic composites include these base
resins, but are combined with a structural filler such as glass, wood, carbon or polymer fibers to
enhance strength, rigidity and structure.
Note 2 — BUSINESS COMBINATIONS
Magenta Master Fibers
On December 9, 2015, the Company completed the acquisition of Magenta Master Fibers (Magenta), a
leading innovative developer of specialty color concentrates for the global fiber industry, for
approximately $18.3 million, net of cash acquired.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
As the world continues to shift from operating in a linear economy to a circular economy and to a lower
carbon footprint, Avient is proud to be a part of the solution.
By 2030, Avient will reduce Scope 1 & 2 greenhouse gas
emissions by 55% with 2019 as a baseline and achieve
operational carbon neutrality by 2050.
Our Environmental, Health and Safety Committee also
provides oversight of the systems that are in place to monitor and mitigate our carbon footprint and
potential risks associated with climate change.