PolyOne has acquired North American color and additive materials producer Mesa for an undisclosed sum.
Established in 1990, Mesa manufactures both solid and liquid colorant technologies, which can be used in a range of end markets such as packaging, consumer products and outdoor equipment.
The company operates two facilities situated in Phoenix of Arizona and Fort Smith of Arkansas.
Mesa’s dry colorant solutions can be used for coloring rotational molded parts and offers compatible with a wide variety of resins.
Liquid color solutions can be used in a variety of markets and applied in heavy metal free (HMF) opaque, transparent, fluorescent, metallic and phosphorant applications.
The acquisition will allow PolyOne to provide a broad range of colorant technologies for its customers.
PolyOne president and CEO chairman, president and CEO Robert Patterson said: "Our color and additives offerings continue to expand, and we're very excited that Mesa is the latest addition to our leading portfolio of solutions.
“We continue to focus on these successful bolt-on opportunities where we can invest to grow, leverage our service and innovation expertise, and collaborate across all our PolyOne businesses."
Last month, PolyOne has also signed agreement to divest its designed structures and solutions (DSS) business to Arsenal Capital Partners for around $115m.
The divested DSS business is comprised of sheet, rollstock and packaging assets.
PolyOne announced that it will use proceeds from the deal to pay down short term borrowings and fund ongoing growth initiatives.
In October 2016, PolyOne collaborated with Merck to develop in-mold 3D (IM3D) technology, which can be used in packaging and consumer electronics applications.
Merck will combine its expertise in development of pigments with the color concentrate formulation expertise of PolyOne to create new technology.
