A. Schulman Acquires Elian SAS
Acquisition Strengthens A. Schulman’s Global Color Masterbatch Specialty Market Position
“Our acquisition of Elian will make an immediate impact on our color masterbatch market share in France and will improve our product mix throughout the EMEA region. We are excited to add Elian to our operations and we will continue to seek out similar opportunistic acquisitions as we move toward our strategic goal to become the leading global manufacturer of masterbatch.” Joseph M. Gingo
Chairman, President and
Chief Executive Officer of A. Schulman
January 30, 2012
Combination of Companies
On January 30, 2012, A. Schulman, Inc. announced the signing of a definitive agreement for Elian to be acquired by A. Schulman. This transaction aligns with the Company’s plan to focus on higher-margin, specialty products and overall strategic goal to become the leading global manufacturer of masterbatch.
Elian is an excellent strategic fit for A. Schulman as it brings:
- Superior product quality, technology and customer service
- Access to high-growth, diversified end markets such as healthcare, cosmetics, packaging, pipes and tubing and personal hygiene products
- The opportunity for A. Schulman to leverage the Company’s full portfolio of masterbatch products with an expanded customer base
- An experienced management team with a keen focus on quality and innovation
Elian will complement A. Schulman’s current European color operations in Belgium, Sweden, Poland, Hungary, United Kingdom and Italy. The two companies believe this transaction will bring significant value and opportunity to the customers of the combined business.