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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