By Frank Esposito, Plastics News
Avon Lake, Ohio -- Leading compounder PolyOne Corp. has acquired New England Urethane Inc. in a deal valued at $12 million.
NEU, based in New Haven, Connecticut, provides high-performance engineered thermoplastic materials for the healthcare market.
PolyOne's Craig Nikrant said in a 23 Dec news release that the deal expands the healthcare product offerings of his firm, which is based in Avon Lake, Ohio.
We look forward to leveraging our global reach and NEU's technology and industry knowledge to accelerate health care sales growth for PolyOne," said Nikrant, who serves as the firm's vice president and general manager of speciality engineered materials.