PolyOne sells Melos granulates business to MBO team

By Patrick Raleigh, ERJ On-line news editor

Cleveland, Ohio-PolyOne Corp. has sold its Melos rubber granulate production operation in Melle, Germany, to the Melos management team, PolyOne announced 9 June.

The Melos unit, which produces EPDM granulate for surfacing running tracks, sports fields, playgrounds and safety flooring, had 2003 sales of $35 million. The deal does not include wire & cable compound manufacturing operations at the Melle site. PolyOne said this unit remains an “investment focus” for the company.

PolyOne forerunner MA Hanna Co. gained the…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with