923T CHOCCACHINO/PP/ADX5301 PP FR 8-6 LMS-1000

Announced agreement to divest Performance Products and Solutions (PP&S) to streamline portfolio, improve specialty mix, and enable investments to accelerate growth NYSE: POL) today reported its third quarter results for 2019, which reflect PP&S as a discontinued operation. The divestment of PP&S is expected to close soon, which will reduce our exposure to more cyclical end markets and strengthen our balance sheet. 

Available as a granular masterbatch for injection molding, thermoforming or extrusion, these new additives offer superior performance for most clear polymers, including polyethylene (PE), polypropylene (PP), polycarbonate (PC), polyethylene terephthalate (PET) and polystyrene (PS).

In addition, testing is underway to support an application for MPG recognition for the same colorants for polypropylene resin (PP).

Standard formulations in polycarbonate (PC), polyphenylene sulfide (PPS), and liquid crystal polymers (LCP) can be tailored to specific needs.

Additives for meltblown nonwoven PP

The colorant solutions are available in PP and PE (HDPE and LDPE) and produced with ingredients tested to European Pharmacopeia 3.1.3 and 3.1.5 as well as to USP chapters , including class VI (a requirement for ophthalmic and nasal drugs) and USP and (light transmission).

Common examples are polypropylene (PP), nylon (PA), polyketone (PK), and thermoplastic elastomers (TPE). Examples of semi-crystalline polymers are PP, polyethylene (PE), PA6, PA66, polyphthalamide (PPA), polybutylene/polyethylene terephthalate (PBT/PET), polyoxymethylene (POM) or acetal, polyphenylene sulfide (PPS), and polyether ether ketone (PEEK).

With this acquisition and the recent divestiture of our Performance Products & Solutions (PP&S) segment, we now expect over 85% of pro forma adjusted EBITDA to be generated from specialty applications," said Mr. intends to finance this transaction through a combination of cash on hand, including capital generated from the recent divestiture of its PP&S segment, and proceeds from the issuance of senior unsecured notes and approximately

These actions will include aligning assets that were acquired as part of the 2013 acquisition of Spartech with PolyOne’s Performance Products and Solutions (PP&S) segment. These assets are primarily located in Ramos, Mexico and will now operate within Producer Services, a business unit of PP&S, which has headquarters in Seabrook, Texas.