A. Schulman Agrees to Purchase ECM Plastics, Inc.

Acquisition expands A. Schulman’s U.S. footprint with operations complementary to the Company’s existing masterbatch and engineered plastics operations

“ECM brings expertise in custom color matching, higher-value compounding and specialty additive formulations and will expand our capabilities in growing markets such as the consumer goods and cosmetics markets. We believe they are an excellent strategic fit as we continue to strengthen our position for long-term profitable growth in the United States.”Joseph M. Gingo
Chairman, President and Chief Executive Officer of A. Schulman
August 20, 2012

Executing on our Strategy

On August 20, 2012, A. Schulman, Inc. announced the signing of a definitive agreement to acquire ECM Plastics, Inc., a privately owned, leading plastics compounder located in Worcester, Massachusetts. This transaction aligns with the Company’s plan to focus on higher-margin, specialty products and its overall strategic goal to become the leading global manufacturer of niche engineered plastics and masterbatch.

ECM is an excellent strategic fit for A. Schulman as it brings:

  • Solid synergies expected when combined with the Company’s current color, masterbatch and engineered plastics businesses
  • Complementary capabilities in growing markets such as personal care and cosmetics
  • ECM Plastics allows A. Schulman to gain U.S. entry into new compounding resins such as ABS, polycarbonates, polyurethanes and fluoropolymers 
  • A robust technical organization focused on product development

In another move, A. Schulman announced the sale of its Bellevue, Ohio facility to Mitsubishi Chemical Performance Polymers, Inc.  The sale will allow the Company to continue its U.S. focus on higher-value technical products in keeping with its global strategy.