A. Schulman Purchases McCann Color

Acquisition furthers A. Schulman’s strategic growth in North America masterbatch market

“A. Schulman’s acquisition of McCann is a perfect fit with our strategy to be a leading global manufacturer in the masterbatch business, and specifically, to advance the profitable growth of our North American color operations.”Joseph M. Gingo
Chairman, President and Chief Executive Officer of A. Schulman
March 1, 2010

Combination of Companies

On March 1, 2010, A. Schulman, Inc. announced it has purchased McCann Color for less than $10 million in cash. This transaction reflects A. Schulman’s focus on advancing profitable growth in North America.

This strategic move gives A. Schulman:

  • A high-quality, custom color operation with the flexibility and efficiency to advance growth in our targeted markets, especially in our North American color operations
  • An opportunity to create additional shareholder value through an acquisition that provides growth opportunities and generates maximum return on invested capital
  • A team of highly qualified scientists and engineers who continually develop innovative solutions that provide the most accurate color match to satisfy our customers’ specifications
  • A state-of-the-art facility built in 1998 exclusively to manufacture color concentrates

This facility will complement A. Schulman’s existing masterbatch manufacturing and product development facilities in Akron, Ohio, and San Luis Potosi, Mexico.

The two companies believe this transaction will bring significant value and opportunity to the customers of the combined business. Click here to view the press release.