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PP&S is a global provider of formulated PVC and polypropylene based solutions, as well as contract manufacturing services, primarily serving the We conducted what became a very competitive bidding process for our PP&S segment," said In accordance with US GAAP, the company expects the PP&S business will be classified as "held for sale" and reported as a discontinued operation. 

is being promoted to the position of President of Performance Products & Solutions (PP&S).  He has played an instrumental role in the transformation of our Color segment, and I am excited to have him now lead PP&S." as he helped to build our PP&S team and further refine the segment's strategy toward specialty. 

as senior vice president, president of Performance Products & Solutions (PP&S).    Likewise, Don has quickly demonstrated his ability to lead and deliver performance within PP&S, leveraging his proven management skills and experience in the materials space." in 2013 as president of PP&S.  

We are pleased to have completed the divestiture of PP&S," said Since 2006, we have invested in and grown PP&S, and it has played an important role in our transformation and value creation." We count ourselves among them, as PP&S will continue to supply certain

in 2013 as president of Performance Products & Solutions (PP&S), where he served until his appointment to chief commercial officer in 2016.  As president of PP&S he established and led much of the commercial excellence efforts that had delivered a 15% annual increase in operating income since his arrival. 

Following the divestment of PP&S, our specialty mix will be stronger than at any point in our company's history.

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Announced agreement to divest Performance Products and Solutions (PP&S) to streamline portfolio, improve specialty mix, and enable investments to accelerate growth NYSE: POL) today reported its third quarter results for 2019, which reflect PP&S as a discontinued operation. The divestment of PP&S is expected to close soon, which will reduce our exposure to more cyclical end markets and strengthen our balance sheet. 

With this acquisition and the recent divestiture of our Performance Products & Solutions (PP&S) segment, we now expect over 85% of pro forma adjusted EBITDA to be generated from specialty applications," said Mr. intends to finance this transaction through a combination of cash on hand, including capital generated from the recent divestiture of its PP&S segment, and proceeds from the issuance of senior unsecured notes and approximately