PolyOne Acquires Spanish Colorants and Additives Firm IQAP Masterbatch
January 8, 2018
PolyOne Corp. acquired IQAP Masterbatch Group S.L., a privately owned specialty colorants and additives based in Spain.
PolyOne provides specialized polymer materials, services, and solutions, and the acquisition was completed to expand the company’s colorants and additive presence in Europe.
“IQAP is a fantastic addition to our longstanding and growing expertise in color and additives innovation,” says Robert M. Patterson, PolyOne’s chairman, president, and chief executive officer. “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.”
IQAP was founded by Xavier Rovira in 1979 and serves high-growth end markets like transportation, packaging, consumer, wire and cable, and textiles.
“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.”