CLEVELAND, June 8, 2017 /PRNewswire/ -- PolyOne
Corporation (NYSE: POL) today announced the acquisition of Rutland
Holding Company, expanding the company's portfolio of specialty
color, additives and inks solutions. Rutland specializes in customized formulations
for consumer applications and is widely recognized as an industry
leader in screen printing inks for the apparel market.
"PolyOne is a trusted resource for dynamic and innovative
industries where color serves as the ultimate expression of
consumer preference," said Robert M.
Patterson, chairman, president and CEO, PolyOne
Corporation. "This recent investment is a natural extension
of all that we do in color – from InVisiOSM design
services to additive technologies that enhance product performance
beyond their appearance."
Headquartered in Pineville, North
Carolina, Rutland has
global sales and operations and goes to market with brand names,
including Rutland™, PRINTOP™, QCM™ and Union Ink™.
PolyOne plans to continue marketing with these brands, as well as
its own Wilflex™ products, based on customer specification and
preference.
"Color and technology play an increasingly pivotal role for our
customers in the apparel industry who have demanding performance
expectations for how products look and feel," added Mr.
Patterson. "We have long distinguished ourselves in the
industry as more than just a product provider, and we are thrilled
to welcome Rutland to the PolyOne
family as they share our passion for innovation and customer
service."
The company said that Rutland
will be immediately accretive to earnings and plans to discuss the
transaction in more detail on its second quarter earnings call.
About PolyOne
PolyOne Corporation, with 2016 revenues of $3.3 billion, 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. Guided by its Core Values,
Sustainability Promise and No Surprises PledgeSM,
PolyOne is committed to its customers, employees, communities and
shareholders through ethical, sustainable and fiscally responsible
principles. For more information, visit www.polyone.com.
To access PolyOne's news library online, please go to
www.polyone.com/news.
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SOURCE PolyOne Corporation