PolyOne Corporation will be selling its Designed Structures and Solutions (DSS) business, which includes sheet, rollstock and packaging assets, to Arsenal Capital Partners for US$115 million.
“The decision to divest DSS comes after evaluating several strategic options for the business and concluding this is the best course of action for our customers, associates and shareholders,” said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation.Â
“Looking back at the Spartech acquisition completed in 2013, there were a number of positive, value-creating elements of the deal.”
“These include the color concentrate and formulation assets that have seamlessly integrated into the other segments of PolyOne, as well as the beginnings of our IQ Design services which are now broadly used across the entire company.”
