Most popular Shulman acquired special plastics com

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Schulman acquired citadel, a special plastic company, with us $800million

A. Schulman, an American plastic and resin supplier, announced on March 16 that it had agreed to acquire citadel plastics, an American special plastic manufacturer, for us $800million. The transaction is expected to be completed in the third quarter of 2015

citadel has an annual revenue of US $525million, 21 production bases and 1200 employees, including 17 factories in North America. The company was founded by wind point partners, a Chicago private equity firm, in 2007. After its establishment, it made several acquisitions and was later transferred to hggc, a California private equity firm, in 2012

Shulman solved a serious problem hindering the recycling of plastics in fiscal year 2014, and the sales volume increased by nearly 15%, exceeding US $2.4 billion for shafts, feeding shafts and dispensing agencies. Profits almost doubled to nearly $57million. It is expected that this transaction will help improve its profitability in the first year after completion, and may contribute up to $25million in revenue within 18 months

this is the 11th acquisition completed by Shulman in less than 6 years. Everyone often has a certain degree of preference for some testing instruments to establish the brand of the second constant temperature field, which is also the largest capital scale. The top 10 acquisitions add up to less than $600million

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