Dominion Colour buys Holliday's pigment dispersions business

• Publisher: Elsevier Science
• Year: 2005
• Weight: 35 KB
• Volume: 2005
• Category: Article
• ISSN: 0969-6210
• DOI: 10.1016/s0969-6210(05)70723-2

✦ Synopsis

In another cost-cutting move, PolyOne has arranged to sell a majority shareholding in its engineered films business unit to members of the existing plant management, supported by the Matrix Capital Markets investor group. PolyOne will retain a minority shareholding. This business unit, with plants at Winchester (Virginia) and Lebanon (Pennsylvania), generated sales revenues of $126 M in full-year 2004. Announcing this move, PolyOne stated that it intends to focus on its core businesses -plastics compounding, colorants and additives.