# PolyOne acquires Clariant color masterbatches business, renames to Avient

PolyOne Corp. has completed the acquisition of Clariant's color masterbatches business (including Clariant Chemicals India) for a net purchase price of $1.44 billion, and simultaneously renamed the company to Avient.

- Type: Acquisition
- Announced: 2020-07-01
- Where: United States
- Value: $1.44B
- Jobs: 3,500
- Status: completed
- Products: color masterbatches
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Avient](https://endata.com/companies/48283.md)
- [Clariant](https://endata.com/companies/426.md) (target)
- [PolyOne](https://endata.com/companies/5415.md) (acquirer)
- [Clariant Chemicals (India) Limited](https://endata.com/companies/44015.md) (target)

## Sources

- [ptonline.com](https://www.ptonline.com/news/polyone-acquires-clariant-color-masterbatches-renames-company), 2020-07-01: "We proudly welcome our newest associates and valued customers from Clariant Masterbatch."
- [packaginginsights.com](https://www.packaginginsights.com/news/polyone-completes-us14-bn-clariant-masterbatch-acquisition-to-form-avient.html), 2020-07-02: "With this acquisition, Avient now expects over 85 percent of adjusted EBITDA to be generated from specialty applications."
- [tlh.ky-plastics.com](https://tlh.ky-plastics.com/news/polyone-completes-clariant-masterbatch-busines-36211713.html), 2020-07-02: "With this transaction, Clariant has taken another important step towards a pure specialty chemicals company."
- [cen.acs.org](https://cen.acs.org/materials/polymers/purchase-Clariant-business-PolyOne-Avient/98/i26), 2020-07-04: "The plastic compounding specialist PolyOne has completed its purchase of Clariant’s masterbatch business for $1.44 billion and changed its name to Avient."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.