Compounder and distributor PolyOne has signed a definitive agreement to sell its PVC division Performance Products and Solutions to SK Capital Partners for USD 775m. The Ohio-based company expects the transaction to generate a pre-tax profit of USD 600m upon completion. In the short term, proceeds from the sale will be used to repay debt on the company’s revolving line of credit. By the end of 2019, it intends to reduce overall net debt to EBITDA leverage from 3.2 to 2.0. For the longer term,... (21.08.2019)