De Valence Group adviseert SK Capital bij de overname van PP&S-divisie PolyOne
NEW YORK-(BUSINESS WIRE)- De Valence Group heeft SK Capital geadviseerd bij de overname van de divisie Performance Products & Solutions van PolyOne Corporation voor een bedrag van 775 miljoen dollar, waardoor een nieuwe leider op het gebied van kunststofverbindingen is ontstaan, GEON Performance Solutions. De voorwaarden van de overname werden niet bekendgemaakt. GEON, met hoofdzetel in Avon Lake, Ohio, is een wereldleider op het gebied van kunststof samengestelde oplossingen, met een vooraanstaand wereldwijd merk in polyvinylchlorideverbindingen, en biedt een breed scala aan geformuleerde polypropyleen- en andere thermoplastische polyolefine producten en diensten op het gebied van contractproductie. Het bedrijf heeft twaalf productielocaties in zowel Noord-Amerika als Azië en heeft ongeveer 1.100 mensen in dienst.
The Valence Group Advises SK Capital on Acquisition of PP&S Division From PolyOne
NEW YORK–(BUSINESS WIRE)– The Valence Group has advised SK Capital on its acquisition of the Performance Products & Solutions division from PolyOne Corporation for $775 million, creating a new leader in plastic compounds named GEON Performance Solutions. The terms of the acquisition were not disclosed. GEON, headquartered in Avon Lake, Ohio, is a global leader in plastic compounded solutions, holding the preeminent global brand in polyvinyl chloride compounds, as well as offering a broad range of formulated polypropylene and other thermoplastic polyolefin products and contract manufacturing services. The Company operates twelve manufacturing locations across both North America and Asia and employs approximately 1,100 people.
About GEON Performance Solutions
GEON Performance Solutions serves customers in a wide variety of sectors, including appliances, building & construction, electronics, healthcare, transportation, and wire and cable. As a global leader in the formulation, development and manufacture of performance polyolefins and vinyl solutions, GEON works with customers to achieve improved performance in strength, durability, energy efficiency and sustainability.
About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceuticals sectors. The firm builds strong and growing businesses that create substantial long-term economic value. SK utilizes its industry, operating and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth and profitability as well as lower operating risk. SK’s portfolio of businesses generates revenues in excess of $9.0 billion annually, employs more than 10,000 people globally and operates 86 plants in 25 countries. The firm currently has approximately $4.6 billion of assets under management.
About The Valence Group
The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategy consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London.
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Contacts
The Valence Group
Paul Lakind, 212-847-7339
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