Avient - M&A Summary and Business Overview

PlasticsCompany

Avient M&A Summary

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

Avient Business Overview

Where is Avient headquartered?

Avient is headquartered in Avon Lake, Ohio.

What is Avient’s revenue?

Avient disclosed revenue of 3,397M USD for 2022 and 4,819M USD for 2021.

How many employees does Avient have?

Avient has 9,700 employees.

What sector is Avient in?

Avient is a plastics company.

When was Avient founded?

Avient was founded in 1885.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity20
    • M&A Sell Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 16
  • 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 incorporated in 1885 and is based in Avon Lake, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 19 - - 1 - - 20
vol $2.7B $1.6B $4.4B
Sell (0.2/yr) # 4 - - 1 - - 5
vol $1.0B $1.0B
  25

Most Recent M&A

Company Date Value Type
Formerra 2022-11-01 - Divestiture
Romeoville, Illinois · www.formerra.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Plastics 15 (75%) 4.2B (95%) 2 (40%) 890M (87%)
Chemicals 4 (20%) 84M (2%) 2 (40%) 132M (13%)
Electrical Equipment 1 (5%) 120M (3%) - -
Distribution - - 1 (20%) -
Total 20 $4.4B 5 $1.0B

By Geo

State/Country Buy Value Sell Value
United States 14 1.2B 5 1.0B
  Colorado 2 - - -
  Ohio 1 486M 1 775M
  Missouri 1 393M 1 115M
  Illinois 1 - 1 -
  Pennsylvania 1 120M - -
  North Carolina 1 - - -
  Minnesota 1 - - -
  Indiana 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%) 5 (100%) 1.0B (100%)
Cross-border 6 (30%) 3.2B (73%) - -
Total 20 $4.4B 5 $1.0B

Top M&A Advisors

Financial Deals
Bear Stearns & Co. Inc.
1
KeyBanc Capital Markets
1
HSBC Global Banking and Markets
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)
60%
3 (60%)
Strategic(s)
40%
2 (40%)

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