Investors group to buy PolyOne elastomers unit

By Patrick Raleigh, ERJ On-line news editor

Cleveland, Ohio-PolyOne Corp. is to sell its Elastomers and Performance Additives unit to an investment group led by New York-based equity firms Lion Chemical Capital LLC and ACI Capital Co. Inc. The sale, for around $120 million, is due to close in the third quarter, said a 29 June PolyOne announcement.

PolyOne said the agreed price, which consists of $106 million in cash and $14 million in the form of notes, is “within its range of estimates for the sale…

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