Add-on Acquisition • Plastics

Avient Acquires Ngai Hing Hong Plastic Materials

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

Acquisition Context

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

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

Target Company

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 Overview 1

Buyer

Avient

Avon Lake, Ohio, United States

Category	Company
Founded	1885
Sector	Plastics
Employees	9,200
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 Context for Buyer	#
Overall	2 of 20
Sector: Plastics	2 of 15
Type: Add-on Acquisition	2 of 13
Country: China	1 of 1
Year: 2008	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	-

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

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

Explore Related M&A Activity

Plastics M&A - Add-on Acquisition M&A Deals - China M&A - 2008 M&A