PolyOne Continues to Build Healthcare Portfolio with New BASF Agreement
February 09 2010 - 7:30AM
PR Newswire (US)
ANAHEIM, Calif., Feb. 9 /PRNewswire-FirstCall/ -- PolyOne
Corporation (NYSE:POL) and BASF Engineering Plastics announced
today at the world's largest medical design and manufacturing trade
show (MD&M West) that PolyOne Distribution will add to its
portfolio BASF's advanced polymers for healthcare. "As we continue
to expand our healthcare portfolio, BASF's performance healthcare
products are an excellent complement to our existing healthcare
solutions that create value for our customers by helping them win
in the marketplace," said Michael L. Rademacher, PolyOne senior
vice president, president of PolyOne Distribution. "Expanding our
distribution channel to include PolyOne Distribution is consistent
with the overall BASF distributor strategy of adding product lines
to key distributors so that we can expand the product portfolio
offerings," said Michael Britt, group vice president, Engineering
Plastics for BASF in North America. Today's announcement means
PolyOne will now distribute BASF's high-performance Ultrason®
product line. These high-temperature polymers can be used in
equipment requiring optimum strength, chemical resistance and
repeated exposure to certain sterilization processes. Examples of
solutions using Ultrason include respiratory therapy devices, and
food containers in compliance with U.S. Food and Drug
Administration (FDA) and European Union regulations. In recent
months, PolyOne has announced several significant developments to
expand its specialized solutions for the healthcare industry from
suppliers such as DuPont, as well as the recent acquisition of
specialty healthcare compounder NEU Specialty Engineered Materials,
LLC. About PolyOne PolyOne Corporation, with 2009 annual revenues
of $2.1 billion, is a premier provider of specialized polymer
materials, services and solutions. Headquartered outside of
Cleveland, Ohio USA, PolyOne has operations around the world. For
additional information on PolyOne, visit our Web site at
http://www.polyone.com/. About BASF BASF Corporation, headquartered
in Florham Park, New Jersey, is the North American affiliate of
BASF SE, Ludwigshafen, Germany. BASF has more than 15,000 employees
in North America, and had sales of approximately $17.5 billion in
2008. For more information about BASF's North American operations,
or to sign up to receive news releases by e-mail, visit
http://www.basf.com/usa. To access PolyOne's news library online,
please go to http://www.polyone.com/news. DATASOURCE: PolyOne
Corporation CONTACT: Amanda Marko, Director, Corporate
Communications, PolyOne Corporation, +1-440-930-3162, Web Site:
http://www.polyone.com/
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