PolyOne acquires IQAP Masterbatch Group
PolyOne announced the acquisition of IQAP Masterbatch Group S.L., a privately owned and innovative provider of specialty colorants and additives based in Spain with customers throughout Europe. "IQAP is a fantastic addition to our longstanding and growing expertise in color and additives innovation," said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation. "The end markets that IQAP serves are perfectly aligned with areas PolyOne knows very well, and together we will advance the possibilities for our European customers working to meet demanding new standards for design, functionality and performance." Mr. Rovira added, "I'm thrilled for IQAP customers and employees whose future can continue to grow and prosper as part of the global PolyOne family. We evaluated many potential buyers for IQAP, and PolyOne was the clear choice that best aligns with our vision and ideals for world-class innovation and customer service."