PolyOne to ‘prune’ acquired Spartech business – exec

02 May 2013 17:04  [Source: ICIS news]

HOUSTON (ICIS)--PolyOne will "prune" the Spartech business it acquired and close some capacities, an executive of the US-based polymer materials, services and distribution firm said on Thursday.

"The voice of the customer in mind, that’s the first priority" in aligning capacities, chief operating officer Robert Patterson said in response to analysts’ questions during PolyOne’s 2013 first-quarter results conference call.

"The most important first step of our evaluation is to truly understand which customers are served out of which plants, and how we can best serve them going forward," Patterson said.

However, at this point, PolyOne could not say which capacities or assets may be affected as it is still continuing its evaluation, he added.

The acquisition of Spartech, which was completed on 13 March, contributed $54.7m (€41.6m) to PolyOne’s first-quarter revenues of $801.1m.

($1 = €0.76)

By: Stefan Baumgarten
+1 713 525 2653

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