Jones Day Aids PolyOne In $486M ColorMatrix Deal

Law360, New York (October 3, 2011, 12:49 PM EDT) -- PolyOne Corp. on Monday announced that it had agreed to purchase ColorMatrix Group Inc. — a world leader in the production of liquid colorants, additives and fluoropolymers — in a deal valued at $486 million.

Adding ColorMatrix to its existing stable of niche-market suppliers will allow Cleveland-based PolyOne to increase its offerings to the rigid beverage and food packaging, performance molding, and fiber sectors, the company said.

“With the addition of ColorMatrix, more than 50 percent of PolyOne’s operating income will now be derived from our...
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