PolyOne acquires IQAP Masterbatch
US-based provider of specialised polymer PolyOne has acquired IQAP Masterbatch Group to strengthen its specialty colour and additives offering.
Spain-based IQAP Masterbatch operates as a privately owned provider of specialty colorants and additives across Europe.
The company has two production plants and a technology lab in the country, as well as additional manufacturing capability in the Czech Republic.
PolyOne chairman, president, and CEO Robert Patterson said: “IQAP is a fantastic addition to our longstanding and growing expertise in colour and additives innovation.
“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 serves markets such as transportation, packaging, consumer, wire and cable, and textiles.
IQAP founder Xavier Rovira said: “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.
"I'm thrilled for IQAP customers and employees whose future can continue to grow and prosper as part of the global PolyOne family.”
The financial terms of the transaction have not been revealed.