PolyOne to further realign North American assets

These actions will include aligning assets that were acquired as part of the 2013 acquisition of Spartech with PolyOne's Performance Products and Solutions (PP&S) segment.  These assets are primarily located in Ramos, Mexico and will now operate within Producer Services, a business unit of PP&S, which has headquarters in Seabrook, Texas.

"Our multinational customers are increasingly concentrating production in North America and often choose Mexico as a strategic location," said Robert M. Patterson, executive vice president and chief operating officer, PolyOne Corporation. "Under the leadership of our Producer Services team located in Texas, we look forward to expanding our capabilities in Mexico with improved customer service, quality and delivery."  

"After nine months, we remain extremely pleased with the Spartech acquisition," said Stephen D. Newlin, chairman, president and chief executive officer, PolyOne Corporation. "We continue to see upside opportunities to expand our portfolio of offerings and better serve our customers, and we remain committed to delivering $0.50 of EPS accretion from the deal in 2015."

In connection with these changes, a separate facility located in Lockport, New York will also operate as part of Producer Services, and an administrative office in Washington, Pennsylvania will close as this work is transitioned to Seabrook, Texas. Further, the company has realigned certain resources associated with Spartech's legacy Color and Specialty Compounds segment, based on how these resources will now report within PolyOne's businesses.

About PolyOne

PolyOne Corporation, with 2012 revenues of $2.9 billion, is a premier provider of specialized polymer materials, services and solutions. The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence.

PolyOne Corporation