Jones Day Guides PolyOne In $393M Plastics Co. Purchase

Law360, New York (October 24, 2012, 12:28 PM EDT) -- Polymer manufacturer PolyOne Corp. is picking up plastic sheet and packaging maker Spartech Corp. in a $393 million deal to expand its specialty portfolio, PolyOne announced Wednesday.

The buyer is offering $2.67 in cash and $5.33 in stock for each Spartech common share, and will also assume $142 million of the company's debt, it said. The deal is expected to greatly expand PolyOne's portfolio in growth industries like aerospace, security, packaging and health care, the company said.

“Spartech expands PolyOne's specialty portfolio with adjacent technologies in...
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