July 15, 2020
PolyOne Announces Clariant Masterbatch Acquisition and Name Change
Cleveland – July 15, 2020 – PolyOne, the leader in advanced polymer technology for the hunting and shooting industries, has just announced its acquisition of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd., and has implemented a corporate name change. Beginning immediately, PolyOne is now called Avient.
Avient, formerly PolyOne, is well-known throughout the archery and firearms segments as an OE supplier of advanced engineered polymer formulations, including structurally reinforced polymers, long-fiber reinforced polymers, metal replacement engineered formulations, and pre-colored materials and formulation for dye sublimation. Firearm products featuring Avient technology cover firearm stocks, frames, receivers, magazine, recoil pads, and grips. Archery components include bow risers, limbs, stabilizers and assorted accessories.
The Clariant Masterbatch acquisition encompasses the color masterbatch businesses of Clariant and Clariant Chemicals India, Ltd., including 46 manufacturing centers across 29 countries and 3,500 employees. These operations will join Avient’s Color, Additives, and Inks segment.
“Under this new brand,” said Robert M. Patterson, Chairman, President and Chief Executive Officer of Avient, “we bring two global leaders together to create a specialty company focused on sustainable solutions for our customers, being a Great Place to Work for our associates, and creating value for all stakeholders.”
About Avient: Avient Corporation, with 2019 revenues of $2.9 billion, provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world. Avient employs approximately 9,100 associates and is certified ACC Responsible Care® and a founding member of the Alliance to End Plastic Waste. For more information, visit avient.com.