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PolyOne Completes Sale of Designed Structures and Solutions

Proceeds from sale have been used to fund the recent acquisitions of Rutland and Mesa.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

PolyOne Corporation has completed the previously announced sale of its Designed Structures and Solutions (DSS) business, which includes sheet, rollstock and packaging assets, to Arsenal Capital Partners for $115 million.
 
“We are pleased to have completed the divestiture of DSS and that Arsenal is in position to lead the next phase of its transformation,” said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation.
 
“Proceeds from the sale have been used to fund the recent acquisitions of Rutland and Mesa, which bolster our specialty color, additives and inks offerings,” added Patterson.  “These acquisitions fit right into our sweet spot where we can add commercial and operational excellence resources to accelerate innovation and growth for our customers, employees and shareholders.”

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