PolyOne acquires ColorMatrix

PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, 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.