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…

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