CLEVELAND—PolyOne Corporation announces the acquisition of Rutland Holding Company. The acquisition expands the company’s specialty additives and ink solutions.
"PolyOne is a trusted resource for dynamic and innovative industries where color serves as the ultimate expression of consumer preference," said Robert M. Patterson, CEO of PolyOne. "This recent investment is a natural extension of all that we do in color; from InVisiOSM design services to additive technologies that enhance product performance beyond their appearance."
Based in Pineville, North Carolina, Rutland specializes in customized formulations for screen-printing applications in the apparel market. PolyOne says with the acquisition, it plans to continue marketing Rutland’s existing brands alongside its Wilflex products.
“We are thrilled to welcome Rutland to the PolyOne family as they share our passion for innovation and customer service," adds Patterson.
PolyOne says Rutland will be immediately accretive to earnings. The company plans to discuss the transaction in more detail on a forthcoming second quarter earnings call.
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For more information, visit http://www.polyone.com.