A. Schulman, Inc. (SHLM) announced that it has reached an agreement in principle to purchase Network Polymers, Inc., a U.S. niche engineered plastics compounding and distribution business, for about $50 million, subject to completion of due diligence. The transaction is anticipated to close within the next few months.
Commenting on Network Polymers, the company said it is a leading single source provider of thermoplastic resins and alloys. The company offers a broad spectrum of custom resins and alloys to meet customer-specific product design and manufacturing requirements. Network Polymers is also the exclusive producer of the Centrex ASA family of products as well as the Diamond Polymer brand of ABS, ABS/PC, ASA and ASA/PC thermoplastic products.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.