Softening demand conditions in the fourth quarter most heavily impacted the Performance Products and Solutions (PP&S) and Specialty Engineered Materials (SEM) segments. Specifically, end markets negatively impacting PP&S were building & construction and appliance.

Announced transformative portfolio improvements by divesting Performance Products and Solutions (PP&S) segment and signing definitive agreement to acquire Clariant Masterbatch business It was also the year we took two major steps forward in our specialty transformation with the divestiture of PP&S for

This quarter, our Specialty Engineered Materials, Performance Products & Solutions (PP&S) and Distribution segments led the way, as all three achieved year-over-year increases in operating income." Underlying organic sales growth, plus contributions from the company's recently acquired businesses, offset lower year-over-year selling prices in Distribution, PP&S, and Designed Structures and Solutions (DSS), due to lower hydro-carbon based raw material costs.

Patterson said, "We've had a strong start to the year, driven by gains in Distribution and PP&S. 

PP

Produced with ingredients tested to European Pharmacopeia protocols, the range is targeted for use in the production of PP and PE pharma containers for parenteral, ocular, and nasal drugs. 

OnColor™ PProTint™ Colorants for Clarified PP PP Inhaler Roll Cap

which impacted Color, Additives and Inks (Color) and Specialty Engineered Materials (SEM), and a decline in construction related sales, which primarily impacted Performance Products and Solutions (PPS) in

This unique technology is ideal for highly chromatic multi-layered PE, PP or PET based products including multi-layer blow molded containers and durable, weatherable lawn and garden products.

OnColor™ PProTint™ Colorants for Clarified PP PP Inhaler Roll Cap