PolyOne Corporation (POL) said that it has acquired IQAP Masterbatch Group SL, a privately owned and innovative provider of speciality colourants and additives based in Spain with customers throughout Europe.
Founded in 1979 by Xavier Rovira, IQAP has built a technical and broad solutions portfolio that serves high-growth end markets consistent with PolyOne's focus, including transportation, packaging, consumer, wire & cable, and textiles. With two production facilities and a technology lab located in Spain, plus additional manufacturing capability in the Czech Republic, PolyOne will implement its proven invest-to-grow approach to integration and customer service.
"IQAP is a fantastic addition to our longstanding and growing expertise in colour and additives innovation. The end markets that IQAP serves are perfectly aligned with areas PolyOne knows very well, and together we will advance the possibilities for our European customers working to meet demanding new standards for design, functionality and performance," said Robert Patterson, chairman, president and CEO, PolyOne Corporation.
Read more: PolyOne acquires Spanish masterbatch firm
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