A. Schulman was an American supplier of plastic compounding products, color concentrates, and additives before its acquisition by LyondellBasell in 2018.
 | |
| Industry | Chemicals |
|---|---|
| Founded | 1928 |
| Founder | Alex Schulman |
| Defunct | 2018 |
| Fate | Acquired |
| Headquarters | Fairlawn, Ohio, United States |
Key people | Joseph Gingo, CEO, Chairman, President |
| Products | Plastic compounds Color concentrates Additives |
| Revenue |  $2.461 billion (2017) |
 $0.025 billion (2017) | |
| Total assets | $1.753 billion (2017) |
| Total equity | $0.207 billion (2017) |
Number of employees | 4,900 |
| Parent | LyondellBasell |
| Website | aschulman |
| Footnotes / references [1] | |
Products
editThe company's products include:
- Low (LDPE) and high (HDPE) density polyethylenes under the Polyflam brand
- Polystyrene (PS), polypropylene (PP) and polyphenylenesulphide (PPS) also under the Polyflam brand
- Several derivaterized styrene polymers (ABS, Methyl Methacrylate Acrylonitrile Butadiene Styrene (MABS) and blends (ABS/PA, PC/ABS), polymethylmethacrylate (PMMA), and polycarbonate (PC) and blends (PC/PBT), under the Polyman brand
- Polyacetyls (POM) under the Schulaform brand
- Polyamides PA6 and PA66 under the Schulamid brand
- Polybutylene terephthalate (PBT) under the Schuladur A brand
- Polyurethane (PUR) under the Polypur brand
- Polyvinyl chloride (PVC) under the Polyvin brand
- Styrene acrylonitrile copolymer (SAN) under the Polyfort brand
History
editThe company was founded in 1928 by Alex Schulman by selling rubber products from a plant in Akron, Ohio.[2]
In 1972, the company became a public company via an initial public offering.[1]
In 1994, the company acquired Comalloy International, a subsidiary of Exxon based in Nashville, Tennessee.[3][4]
In February 1995, the company acquired Texas Polymer Services.[4]
In 1996, the company acquired the Specialty Compounding Division of Laurel Industries Inc., from Occidental Petroleum.[5]
In 2007, the company acquired Delta Plast Group, based in Sweden.[6]
In February 2008, the Company closed its facility in St. Thomas, Ontario.[7]
In 2009, the company opened a Polybatch plant in Akron, Ohio.[8]
In 2010, the company acquired McCann Color and closed its facility in Sharon Center, Ohio.[9]
In April 2010, the company acquired ICO for $191 million.[10][11]
Also in 2010, the company acquired Mash Compostos Plasticos of Brazil.[11]
In 2016, the company sued the former owners of Citadel Plastics, a company it had previously acquired, for $272 million, claiming that they falsified information about the recycled content and other attributes of its products and that A. Schulman later had to stop selling these products.[12]
References
edit- ^ a b "A. Schulman, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ Hollander, Sarah (November 11, 2008). "Plastics company A. Schulman repackages itself". Cleveland Plain Dealer.
- ^ "SCHULMAN SEEKS TO BUY EXXON CHEMICAL UNIT". The Journal of Commerce. December 16, 1993.
- ^ a b "A Schulman 1995 Form-10K Annual Report" (PDF). November 28, 1995. Archived from the original (PDF) on December 14, 2018. Retrieved December 10, 2018.
- ^ SARKIS, LISA (November 25, 1996). "A. SCHULMAN BUYS FORMER LAUREL DIVISION". Plastics News.
- ^ "A. Schulman to Acquire Delta Plast Group, a European Manufacturer of Color Masterbatches" (Press release). Thomas Register. June 25, 2007.
- ^ Minter, Steve (March 8, 2010). "On the Rise -- A. Schulman Inc.: Molding a Global Strategy". IndustryWeek.
- ^ "A. Schulman to add plant in Akron". Crain Communications. August 20, 2008.
- ^ Schoenberger, Robert (March 2, 2010). "A. Schulman Inc. buys North Canton company, plans to cut 30 to 40 jobs in Medina County". Cleveland Plain Dealer.
- ^ Daly, Erin Marie (December 3, 2009). "A. Schulman Snaps Up ICO For $191.4M". Law360.
- ^ a b "A. Schulman Inc. agrees to buy Mash Compostos Plasticos of Brazil". Crain Communications. October 18, 2010.
- ^ ESPOSITO, FRANK (October 9, 2018). "A. Schulman's legal battle with Citadel continues". Crain Communications.