M&A Deal Summary

Avient Acquires NEU Specialty Engineered Materials

On December 23, 2009, Avient acquired chemicals company NEU Specialty Engineered Materials from New England Urethane for 12M USD

Acquisition Highlights
  • This is Avient’s 1st transaction in the Chemicals sector.
  • This is Avient’s 10th largest (disclosed) transaction.
  • This is Avient’s 2nd transaction in the United States.
  • This is Avient’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2009-12-23
Target NEU Specialty Engineered Materials
Sector Chemicals
Buyer(s) Avient
Sellers(s) New England Urethane
Deal Type Divestiture
Deal Value 12M USD

Target

NEU Specialty Engineered Materials

North Haven, Connecticut, United States
NEU Specialty Engineered Materials LLC is a provider of polymer solutions serving healthcare manufacturers worldwide.

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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 3 of 20
Sector (Chemicals) 1 of 4
Type (Divestiture) 1 of 7
State (Connecticut) 1 of 1
Country (United States) 2 of 14
Year (2009) 1 of 1
Size (of disclosed) 10 of 10
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Uniplen Indústria de Polímeros

Diadema, Brazil

Uniplen Indústria de Polímeros Ltda. is a producer of specialty engineered materials and distributor of thermoplastics.

Buy $21M

Seller(S) 1

SELLER

New England Urethane

North Haven, Connecticut, United States
Category Company
Founded 1988
Sector Plastics
DESCRIPTION

New England Urethane, Inc. is a custom compounder serving manufacturers worldwide to meet customers' demands and specifications through technical expertise and manufacturing know-how. NEU is one of the preferred custom compounders of thermoplastics.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
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