Avient Mergers and Acquisitions Summary

PlasticsCompany

Avient has acquired 22 companies, including 10 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 4 assets.

Avient’s largest acquisition to date was in 2022, when it acquired DSM - Protective Materials Business for $1.6B. It’s largest disclosed sale occurred in 2019, when it sold GEON Performance Solutions to SK Capital Partners for $775M. Avient has acquired in 12 different US states, and 7 countries. The Company’s most targeted sectors include plastics (75%) and chemicals (20%).

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M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity20
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 15
  • M&A Advisors 6

Avient

Avient Corp.

33587 Walker Road,
Avon Lake, Ohio 44012
United States,
(440) 930-1000
www.avient.com

Avient is a provider of specialized polymer materials, services and solutions. Avient has operations in North America, South America, Europe, Asia and Australia, and joint ventures in North America and South America. Avient was formed in 1927 and is based in Avon Lake, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.0/yr) # 15 2 2 - - 1 20
vol $1.1B $1.7B $1.6B $4.4B
Sell (0.2/yr) # 3 - 1 - - - 4
vol $247M $775M $1.0B
  24

Most Recent M&A

Company Date Value Type
DSM - Protective Materials Business (Dyneema) 2022-04-20 1.6B EUR Divestiture
Heerlen, Netherlands
Clariant AG - Masterbatches Business 2019-12-19 1.6B USD Divestiture
Muttenz, Switzerland
GEON Performance Solutions 2019-08-19 775M USD Divestiture
Westlake, Ohio · www.geon.com
Fiber-Line, Inc. 2019-01-02 120M USD Add-on Acquisition
Hatfield, Pennsylvania · www.fiber-line.com
PlastiComp, Inc. 2018-06-01 - Add-on Acquisition
Winona, Minnesota · www.plasticomp.com
IQAP Masterbatch Group 2018-01-02 - Add-on Acquisition
Barcelona, Spain · www.iqapgroup.com
Spartech LLC 2017-07-19 115M USD Divestiture
St. Louis, Missouri · www.spartech.com
Mesa Industries, Inc. 2017-07-06 - Add-on Acquisition
Phoenix, Arizona · www.mesaindustries.com
Rutland Plastic Technologies, Inc. 2017-06-08 - Add-on Acquisition
Pineville, North Carolina · www.rutlandinc.com
SilCoTec, Inc. 2017-02-07 - Add-on Acquisition
La Porte, Indiana · www.silcotec.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Plastics 15 (75%) 4.2B (95%) 2 (50%) 890M (87%)
Chemicals 4 (20%) 84M (2%) 2 (50%) 132M (13%)
Electrical Equipment 1 (5%) 120M (3%) - -
Total 20 $4.4B 4 $1.0B

By Geo

State/Country Buy Value Sell Value
United States 14 1.2B 4 1.0B
  Colorado 2 - - -
  Ohio 1 486M 1 775M
  Missouri 1 393M 1 115M
  Pennsylvania 1 120M - -
  North Carolina 1 - - -
  Minnesota 1 - - -
  Indiana 1 - - -
  Illinois 1 - - -
  Connecticut 1 12M - -
  California 1 34M - -
  Arizona 1 - - -
  Alabama - - 1 132M
Brazil 1 21M - -
China 1 - - -
Germany 1 - - -
Netherlands 1 1.6B - -
Spain 1 - - -
Switzerland 1 1.6B - -
Domestic 14 (70%) 1.2B (27%) 4 (100%) 1.0B (100%)
Cross-border 6 (30%) 3.2B (73%) - -
Total 20 $4.4B 4 $1.0B

Top M&A Advisors

Financial Deals
Moelis & Co.
1
Bank of America Merrill Lynch (BofA Securities)
1
Bear Stearns & Co. Inc.
1
Legal Deals
Jones Day
2

Deal Values

buy # Total
> $1B 2 $3.2B
$100M to $1B 3 $999M
< $100M 5 $188M
TOTAL $4.4B
Largest DSM - Protective Materials Business (Dyneema)
$1.6B (2022-04-20)
sell # Total
$100M to $1B 3 $1.0B
TOTAL $1.0B
Largest GEON Performance Solutions
$775M (2019-08-19)

M&A Connections

Deals
Acquired from
Investor(s)
15%
3 (15%)
Strategic(s)
35%
7 (35%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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