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M&A Deal Summary

Avient Acquires Ngai Hing Hong Plastic Materials

On January 11, 2008, Avient acquired plastics company Ngai Hing Hong Plastic Materials

Acquisition Highlights
  • This is Avient’s 2nd transaction in the Plastics sector.
  • This is Avient’s 1st transaction in China.

M&A Deal Summary
Date 2008-01-11
Target Ngai Hing Hong Plastic Materials
Sector Plastics
Buyer(s) Avient
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

Avient

Avon Lake, Ohio, United States
Category Company
Founded 1885
Sector Plastics
Employees9,200
Revenue 3.2B USD (2024)
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 2 of 20
Sector: Plastics M&A 2 of 15
Type: Add-on Acquisition M&A Deals 2 of 13
Country: China M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-14 GLS

McHenry, Illinois, United States

GLS Corp. is a provider of specialty thermoplastic elastomer compounds for consumer and medical applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-23 NEU Specialty Engineered Materials

North Haven, Connecticut, United States

NEU Specialty Engineered Materials LLC is a provider of polymer solutions serving healthcare manufacturers worldwide.

Buy $12M
Mergr

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