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A look at year-end materials deals

By: Frank Esposito

January 3, 2013

AKRON, OHIO (Jan. 3, 1:50 p.m. ET)  — A quartet of year-end materials deals are featured in this week’s Material Insights video.

Resin distributor M. Holland Co. kicked off the year-end spree by acquiring commodity and engineering resins distributor Christler Chemical & Plastics Inc. for an undisclosed price. For Holland, it's the first acquisition in the firm's more than 60-year history.

The Holland-Christler deal quickly was followed by PolyOne Corp.’s purchase of advanced composites firm Glasforms Inc., Arsenal Capital Partners buying polyurethane and vinyl plastisol maker Dash Multi-Corp. and Invista Engineering Polymers picking up a nylon compounding and recycling plant in Born, the Netherlands. The Dash deal was the fifth plastics deal of the year for Arsenal, a New York-based private equity firm.

This week’s video wraps up with a victory lap for several publicly held plastics materials firms that had big years on Wall Street in 2012. Per-share stock prices at PVC maker Georgia Gulf Corp. more than doubled through mid-December, climbing 120 percent. PVC and polyethylene maker Westlake Chemical Co. almost duplicated that feat, posting a 96 percent price gain. Materials makers PolyOne, Huntsman Corp., Eastman Chemical Co. and Omnova Solutions Inc. each also had standout years, posting per-share price gains of 50-75 percent.

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