Spartech Corporation
Indiana-based Crawford operates 15 extrusion lines and makes sheet for consumer and office products.
New Hampshire-based Tufpak makes film for biohazard bags and similar products.
Spartech LLC has a new private equity owner, with Nautic Partners LLC announcing Oct. 18 it has completed an acquisition — along with management — of the film and sheet maker and thermoformer from Arsenal Capital Partners.Terms of the deal were not announced.
PolyOne Corp. is selling its Designer Structures && Solutions unit — a major producer of plastic sheet — to private equity firm Arsenal Capital Partners for $115 million.
PolyOne Corp. is stopping production of Royalex sheet — the king of custom plastics for many canoe enthusiasts — leaving almost all hull thermoformers and many paddlers up the proverbial creek without a replacement material. A factory in Warsaw, Ind., that is the sole source for Royalex is closing this year along with five other former Spartech Corp. plants that Avon Lake, Ohio-based PolyOne acquired in March 2013 for $393 million.
Former Spartech Corp. leader Victoria Holt has been named president and CEO of quick-turn manufacturer Proto Labs Inc.
PolyOne Corp.'s ongoing realignment of assets it acquired from Spartech Corp. will result in the closing of an administrative office in Washington, Pa.
It's countdown time — the top stories of 2013 on PlasticsNews.com.
AKRON, OHIO — PolyOne's decision to close six of the plants it acquired from Spartech is featured in this week's Material Insights video. We also report Elevance Renewable Sciences Inc.'s opening of a biofeedstocks plant in Indonesia, as well as news that Ravago has purchased the EPS business of Styron LLC.
PolyOne Corp. plans to close six of the plants it recently acquired as part of its purchase of Spartech Corp. The closings — in Indiana, Illinois, Wisconsin, Missouri, Pennsylvania and Louisiana — will eliminate about 250 jobs and produce $25 million in annual savings for PolyOne, which ranks as North America's largest compounder and one of the region's largest resin distributors.
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