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. 

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

OnForce™ PA 6/6, PP and TPU compounds and processing conditions

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

These actions will include aligning assets that were acquired as part of the 2013 acquisition of Spartech with PolyOne’s Performance Products and Solutions (PP&S) segment. These assets are primarily located in Ramos, Mexico and will now operate within Producer Services, a business unit of PP&S, which has headquarters in Seabrook, Texas.

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