SK Capital Announces Agreement to Acquire the Performance Products & Solutions Business from PolyOne Corporation
SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, today announced that it has signed a definitive agreement to acquire the Performance Products & Solutions business (PP&S) from PolyOne Corporation in a transaction valued at approximately $775 million.
- SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, today announced that it has signed a definitive agreement to acquire the Performance Products & Solutions business (PP&S) from PolyOne Corporation in a transaction valued at approximately $775 million.
- Jack Norris, a Managing Director of SK Capital, stated, PP&S is a market leader with a rich heritage in the PVC and polypropylene compounding industry.
- Latham & Watkins LLP acted as legal counsel to SK Capital and committed debt financing was provided by Cerberus Business Finance, LLC.
- PolyOne Corporation, with 2018 revenues of $3.5 billion, is a premier provider of specialized polymer materials, services and solutions.