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BioEnterprise

PolyOne Buys Assets, Technologies from Kraton Performance Polymers for $72 Million

PolyOne, a Cleveland-based provider of specialized polymer materials, services and solutions, has purchased certain assets and technologies from Houston-based Kraton Performance Polymers, a producer of specialty polymers. The $72 million sale expands PolyOne’s global footprint and expertise in thermoplastic elastomer innovation and design, including medical device applications.

The two companies also entered into a supply agreement, whereby Kraton will provide PolyOne certain raw materials used in production for the acquired business.

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