SOLON, Ohio (Aug. 9)—The new owners of the former PolyOne Elastomers and Performance Additives Group—Lion Chemical Capital L.L.C. and ACI Capital Co. Inc.—have renamed the business Excel Polymers.
The name captures the essence of the organization the company plans to create, said Pete De Leeuw, designated chairman of the new company and managing director of Lion Chemical, in news release. "Excel" reflects the firm´s determination to exceed customer expectations, and the word "polymers" underscores the firm intends to become a full-service polymers service company, he said.
John E. Quinn, president of the new firm who led the business for PolyOne Corp., said Excel Polymers is committed to its core business of thermoset elastomer compounding, and also offers products and services to help customers with new product introductions, meet new performance requirements and drive productivity.
Lion Chemical Capital and ACI Capital spent a total of $120 million for the business.