By Frank Esposito Plastics News
Avon Lake, Ohio-After spending most of 2003 closing plants and deciding which businesses it would sell, PolyOne Corp. has shifted gears in early 2004 by purchasing the North American resin distribution business of ResinDirect LLC.
No purchase price was disclosed in the deal, which was announced 12 Jan.
â€œThe acquisition of ResinDirect substantially enhances PolyOne’s commodity resin market position,â€ Michael Rademacher, PolyOne distribution vice president, said in a news release. â€œResinDirect’s customers also will benefit because we provide them with an…