M&A Deal Summary

Avient Acquires GLS

On November 14, 2007, Avient acquired plastics company GLS

Acquisition Highlights
  • This is Avient’s 1st transaction in the Plastics sector.
  • This is Avient’s 1st transaction in the United States.
  • This is Avient’s 1st transaction in Illinois.

M&A Deal Summary
Date 2007-11-14
Target GLS
Sector Plastics
Buyer(s) Avient
Deal Type Add-on Acquisition

Target

GLS

McHenry, Illinois, United States
GLS Corp. is a provider of specialty thermoplastic elastomer compounds for consumer and medical applications.

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Buyer(S) 1

Buyer

Avient

Avon Lake, Ohio, United States
Category Company
Founded 1885
Sector Plastics
Employees9,300
Revenue 3.1B USD (2023)
DESCRIPTION

Avient is a provider of specialized polymer materials, services and solutions. Avient was incorporated in 1885 and is based in Avon Lake, Ohio.

DEAL STATS #
Overall 1 of 20
Sector (Plastics) 1 of 15
Type (Add-on Acquisition) 1 of 13
State (Illinois) 1 of 1
Country (United States) 1 of 14
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-11 Ngai Hing Hong Plastic Materials

Hong Kong, China

Ngai Hing Hong Plastic Materials (Hong Kong) Ltd. is a provider of brands of plastics resins; ranging from general application commodity plastics to high performance engineering plastics such as Nylon, Acetal, Thermoplastic Elastomer and etc.

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