A quartet of year-end materials deals are featured in this week's Material Insights video. Resin distributor M. Holland kicked off the year-end spree by acquiring commodity and engineering resins distributor Christler Chemical & Plastics 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 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 more than doubled through mid-December, climbing 120 percent. PVC and polyethylene maker Westlake Chemical almost duplicated that feat, posting a 96 percent price gain. Materials makers PolyOne, Huntsman, Eastman Chemical and Omnova Solutions each also had standout years, posting per-share price gains of 50-75 percent.
Material Insights: Jan. 3, 2013
Looking back at year-end materials deals.
Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]
The only North American conference targeting plastics caps and closures makers, the Plastics Caps & Closures conference, held Sept. 9-11, 2019, in Chicago, provides a hotbed of discussion on many of the top innovations, process and product technologies, materials, trends and consumer insights that influence both packaging and caps and closures development.