PolyOne completes Spartech acquisition
On March 12, 2013 the shareholders of Spartech (a producer of custom plastic sheet and rollstock and packaging solutions) approved the agreement for the acquisition of the company by PolyOne. This latter announced the agreement on October 24n2012 and the transaction has been officially completed on March 13, 2013.
Moreover PolyOne also announced that Julie A. McAlindon has been appointed to the position of senior vice president, and president, at Designed Structures and Solutions (DSS), a new business segment under the company's specialty platform.
Concurrent with the acquisition of Spartech, PolyOne established DSS, which is primarily comprised of Spartech's former custom sheet and rollstock and packaging technologies businesses.