PolyOne to buy color concentrate maker Transcolor

CLEVELAND (Oct. 30)—PolyOne Corp. said it will acquire 100 percent of the shares of Transcolor S.A., a large color concentrates producer located near Pamplona, Spain. The two firms expect to complete the transaction during the first half of 2002. Transcolor is an excellent company with a fine reputation with its customers, said Bernard Baert, vice president of international operations. We have worked in cooperation with Transcolor for some time and it had become obvious that there were commercial advantages to be gained by deepening our business relationship.Transcolor, which emphasizes black and white products, had revenues of about $30 million in 2002. PolyOne already had worked with Transcolor and moved some of the firm's products from the PolyOne site near Paris, France.