Avient Announces Acquisition of Clariant Color Masterbatch Business and Company Rebranding

On July 1, PolyOne Corp. announced the acquisition of Clariant’s color masterbatch division and its rebranding to Avient. The company will trade under the ticker AVNT from July 13, 2020, replacing POL.

"We proudly welcome our newest associates and valued customers from Clariant Masterbatch. They are joining us on Day 1 of this new era for our company, which as of today will be named Avient. Under this new brand, we bring two global leaders together to create a specialty company focused on sustainable solutions for our customers, being a Great Place to Work for our associates, and creating value for all stakeholders," said Avient’s Chairman, President and CEO Robert M. Patterson.

The Clariant Masterbatch business comprises 46 manufacturing operations and technology centers across 29 countries, employing roughly 3,500 professionals. These assets will be integrated into Avient’s Color, Additives & Inks segment.

The combined net purchase price is $1.44 billion, representing a 10.8× multiple of 2019 adjusted EBITDA, or 7.5× when anticipated synergies are included. With this acquisition, Avient now expects over 85% of adjusted EBITDA to derive from specialty applications—up from less than 10% a decade ago—solidifying its position as a world‑class sustainable organization.

Key priorities for the new organization include:

• Keeping Safety First: Both Avient and Clariant are ACC Responsible Care® companies, prioritizing the health and safety of all employees.
• Being a Great Place to Work: We actively listen to associate feedback and invest in a high‑performance, inclusive culture.
• Advancing Inclusion and Diversity: Every team member is encouraged to bring their authentic self to work.
• Leading in Sustainability: As founding members of the Alliance to End Plastic Waste, we commit to the four Ps—People, Products, Planet, Performance—to safeguard future generations.
• Investing in Innovation: Resources are concentrated on material science for high‑growth end markets, driving long‑term value creation.
• Operating Globally, Serving Locally: Our worldwide operations and technical expertise enable efficient service wherever customers need us.
• Leveraging Service as a Differentiator: We build lasting, collaborative relationships through exceptional customer service.
• Delivering Financially for All Stakeholders: Performance is tied to investments in People, Products and Planet, ensuring sustained value for associates, customers, communities and shareholders.