The Valence Group acts as M&A advisor to PolyOne (NYSE:POL) on Agreement to Acquire ColorMatrix Group, Inc. PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced an agreement to acquire ColorMatrix Group, Inc., a leading global innovator in liquid colorants, additives and fluoropolymers, for $486 million, including transaction tax benefits of $10 million.
The Valence Group acted as M&A advisor to PolyOne on this transaction.
ColorMatrix is a leading manufacturer of performance-enhancing specialty additives, liquid colorant and dosing technologies that serve diverse niche markets, such as rigid beverage and food packaging, performance molding and fiber. Further, ColorMatrix is a leading global provider of colorant for fluoropolymers, as well as custom color dispersions used in silicone processing. The acquisition will accelerate PolyOnes specialization and globalization strategy.
Telly Zachariades, Partner at The Valence Group, commented: We are delighted to have advised PolyOne on this transformational agreement, a further demonstration of our long-standing commitment to the company with whom we have acted as advisor on multiple transactions.
Josh Hay, Partner, added: This is a game-changer for PolyOne and represents another important step in the company’s ongoing transformation to a specialty company.
PolyOne Corporation, with 2010 revenues of $2.6 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside of Cleveland, Ohio USA, PolyOne has operations around the world.
About The Valence Group
The Valence Group is a specialist M&A investment bank offering advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The senior members of The Valence Group have more than 250 years of collective transaction experience and have closed M&A transactions in over 100 different chemicals/materials subsectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking, strategic consulting and senior management within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York, London, and Shanghai.