PolyOne Corporation announced realignment actions to better serve customers and to increase utilization of its manufacturing assets in North America.
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, TX.
“Our multinational customers are increasingly concentrating production in North America and often choose Mexico as a strategic location,” said Robert Patterson, executive vice president and COO, PolyOne Corporation. “Under the leadership of our Producer Services team located in Texas, we look forward to expanding our capabilities in Mexico with improved customer service, quality and delivery.”
“After nine months, we remain extremely pleased with the Spartech acquisition,” said Stephen Newlin, chairman, president and CEO, PolyOne Corporation. “We continue to see upside opportunities to expand our portfolio of offerings and better serve our customers.”
In connection with these changes, a separate facility located in Lockport, NY will also operate as part of Producer Services, and an administrative office in Washington, PA will close as this work is transitioned to Seabrook, TX. The company has realigned certain resources associated with Spartech’s legacy Color and Specialty Compounds segment, based on how these resources will now report within PolyOne’s businesses.
PolyOne Announces Further Realignment of North American Assets Acquired from Spartech
Published January 10, 2014
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