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Will be sold to H.I.G. Capital for $950 million.
August 17, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Avient Corporation announced it has entered into a definitive agreement to sell its Distribution business to an affiliate of H.I.G. Capital for $950 million in cash, subject to regulatory approval. On April 20, 2022, the company announced it was exploring a sale of its Distribution business, in connection with announcing an agreement to acquire the Protective Materials business of DSM. The company recently completed that process. “As expected, there were multiple buyers interested in...
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