PolyOne Corporation, a premier global provider of specialised polymer materials, services and solutions, has acquired Fiber-Line, a global leader in customised engineered fibres and composite materials for $120 million. Fiber-Line’s leading technologies will complement PolyOne’s existing specialty composite solutions and wire and cable applications. 

PolyOne will utilise its proven invest-to-grow integration strategy to increase innovation for Fiber-Line customers, by leveraging deeper formulation expertise and a global commercial presence that accelerates growth, according to a media release by the company.

“Fiber-Line is an innovative and unique addition to our portfolio of fibre and composite solutions with tremendous upside for growth,” said Robert M Patterson, chairman, president and CEO, PolyOne Corporation. “They provide an immediate leadership position in serving the build out of fibre optic cable and future 5G networks.”

“This acquisition represents a significant investment for our Specialty Engineered Materials segment.  We expect it to add nearly $100 million in revenue in 2019 and be immediately accretive to EPS,” added Patterson.

“Joining the PolyOne team represents another important and exciting milestone for Fiber-Line employees and our valued customers,” said Dale Outhous, CEO, Fiber-Line. “Through PolyOne’s future investments in Fiber-Line’s technical capabilities, operations and commercial reach, we will be able to serve our customers better than ever before.”

Founded in 1987, Fiber-Line has utilised its customer-centric culture and specialty innovation to establish a leading portfolio of materials serving the fibre optic cable, oil & gas, industrial and consumer industries.  With five manufacturing locations in North America, Europe and Asia, Fiber-Line provides material science and polymer formulation expertise to engineer specified performance characteristics for fibre. These include strength, abrasion and chemical resistance, and specialty colourants. (PC)