PolyOne expands its specialty color and additives expertise with the acquisition.
January 3, 2018
by Canadian Packaging staff
CLEVELAND—PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, has announced the acquisition of IQAP Masterbatch Group S.L., a privately-owned and innovative provider of specialty colorants and additives based in Spain with customers throughout Europe.
Founded in 1979 by Xavier Rovira, IQAP has built a technical and broad solutions portfolio that serves high-growth end markets consistent with PolyOne’s focus, including transportation, packaging, consumer, wire and cable, and textiles. With two production facilities and a technology lab located in Spain, plus additional manufacturing capability in the Czech Republic, PolyOne will implement its proven invest-to-grow approach to integration and customer service.
“IQAP is a fantastic addition to our longstanding and growing expertise in color and additives innovation,” says PolyOne Corporation chairman, president and chief executive officer Robert M. Patterson. “The end markets that IQAP serves are perfectly aligned with areas PolyOne knows very well, and together we will advance the possibilities for our European customers working to meet demanding new standards for design, functionality and performance.”
Rovira adds: “I’m thrilled for IQAP customers and employees whose future can continue to grow and prosper as part of the global PolyOne family. We evaluated many potential buyers for IQAP, and PolyOne was the clear choice that best aligns with our vision and ideals for world-class innovation and customer service.”
PolyOne Corporation is a premier provider of specialized polymer materials, services and solutions. The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence. For more information, visit www.polyone.com.