PolyOne Completes Acquisition of GLS Corporation
Acquisition advances specialization strategy
This acquisition complements PolyOne's global Engineered Materials business portfolio and accelerates the company's shift to specialization. The combination of GLS's specialty TPE technology, compounding expertise and brand, along with PolyOne's extensive global infrastructure and commercial presence offers customers enhanced technologies; a broader range of products, services and solutions; and expanded access to specialized, high-growth markets around the globe.
The experienced GLS senior management team will remain and lead the global TPE business unit, retaining the GLS name and brand.
GLS was formerly a family-owned business headquartered in McHenry, Illinois. It has built a superb reputation as a strategic partner to many of the world's best-known companies in developing and marketing highly customized soft TPEs. With approximately 200 employees, GLS has manufacturing facilities in Illinois and Suzhou, China. Annual sales are approximately $130 million.
Other news from the department business & finance
These products might interest you
Milli-Q® Services / MyMilli-Q™ by Merck Life Science
Services & Support for Water Purification Systems
Quality Care, Delivered. In Person & Online
Good Weighing Practice by Mettler-Toledo
Your Concrete Weighing Quality Assurance Plan
GWP Verification service
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.