PolyOne acquires advanced materials producer
PolyOne Corp. is acquiring PlastiComp, an advanced engineered materials innovator and producer of specialty composites.
PlastiComp’s 50 employees and its design and production facility in Winona, Minn., join PolyOne as part of its Specialty Engineered Materials segment.
Founded in 2003 by Stephen Bowen, PlastiComp has steadily grown through its ability to replace metal and lightweight products with unique and complex long fiber technology composite formulations. The company serves global customers in a wide-range of applications, including medical devices, robots and drones, marine, and outdoor high-performance equipment.
“We are very excited to accelerate commercial and operational investments to further expand this important composite technology as part of our advanced composites portfolio,” PolyOne CEO Robert M. Patterson said in a statement.