PolyOne Corp.
For the year, sales at Avon Lake, Ohio-based Avient were up more than 2 percent to almost $3.4 billion. But the firm's annual profit plunged almost 46 percent to $82.8 million.
One of the largest resin distributors in North America has a new owner. Avient Corp. announced Aug. 12 that it is selling its distribution unit to an affiliate of private equity firm HIG Capital for $950 million in cash.
Recycled content is being used in several new materials at the Ohio-based materials supplier.
Materials supplier Avient Corp. saw sales more than double vs. the same quarter in 2020.
The global materials firm has increased its adjusted earnings-per-share target.
The firm's color, additives and inks business had sales of just over $1 billion in 2018.
Materials supplier PolyOne Corp. had a busy day June 10 as the firm increased its financial expectations for the second quarter and announced a collaboration with industrial giant 3M Co.
In his new position, Walt Ripple is responsible for leading initiatives that help customers and PolyOne achieve sustainability and performance goals.
Challenging financial results have led PolyOne Corp. to reduce spending and cut jobs.
PolyOne Corp. has rebranded the ElectriPlast material technology as Surround EMI/RFI Shielding Formulations.
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