PolyOne completes elastomers unit sale

By Patrick Raleigh, ERJ On-line news editor

Cleveland, Ohio-PolyOne Corp. has completed the $120-million sale of its Elastomers and Performance Additives business to an investor group led by Lion Chemical Capital LLC and ACI Capital Co. Inc, the companies announced 5 Aug. The deal involved payments of $106 million in cash and $14 million in the form of a note to PolyOne.

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