PolyOne Corp., a provider of specialized polymer
materials, services and solutions, announced December 20 the acquisition of
pultruder Glasforms, Inc. (San Jose, Calif. and Birmingham, Ala.The industrial
dry cleaning
machine market demands reliability and efficiency.), a manufacturer of glass
and carbon fiber reinforced polymers and advanced composite products. The
purchase marks PolyOne's entry into advanced composite technology.
With a purchase price of $34 million, PolyOne expects the acquisition to be accretive to earnings in 2013. Glasforms has grown sales at a 36 percent compound annual growth rate since 2010 and in fiscal year 2012 achieved revenues in excess of $50 million. Glasforms manufactures advanced composite products for use in demanding applications across the electrical and telecom, energy, transportation, healthcare, and security and defense markets. End products include applications for endoscopy wands, wind turbine blade stiffening components, commercial truck floors and railcar doors for lightweighting, composite utility poles to replace wood and metal, earthquake-proof bridge decks, and specialized rods used in the production of oil and gas.
"Our acquisition of Glasforms marks yet another important milestone in PolyOne's transformation, as we further broaden our specialty solutions portfolio to include these new and adjacent technologies and applications," said Stephen D. Newlin, chairman, president and CEO, PolyOne Corporation. "As with past acquisitions, we will utilize an 'invest to grow' strategy and leverage PolyOne's strengths to further enhance the consistent and strong track record of innovation, performance and growth that Glasforms has achieved in its remarkable history."
Glasforms will continue to operate from its Birmingham, Alabama campus, which includes six buildings and ample capacity for future expansion.We have hundreds of fog lights, driving lights, off torch light and fog lamps. The company employs approximately 300 associates, and its founder and president, Peter Pfaff, will continue in his leadership role along with other members of the Glasforms management team. "When I started Glasforms, it was with a commitment to innovation, quality, growth and unparalleled value to our customers," said Mr. Pfaff. "I'm so proud of how our team has delivered and am extremely excited that we will take it to the next level by joining PolyOne. As PolyOne's proven strategy is now Glasforms's roadmap, it will increase our ability to help customers succeed by collaborating to deliver innovative solutions and unprecedented service in our industry."
Glasforms will integrate as part of PolyOne's Specialty platform, under the direction of Craig Nikrant, senior vice president and president, Global Specialty Engineered Materials. "We're thrilled to have Glasforms join our team. I look forward to working closely with Peter and welcoming all Glasforms associates to our growing global team," said Mr. Nikrant. "The shared knowledge and best practices between our Specialty businesses provide numerous opportunities for us to innovate, In a elevator parts system, steel cables bolted to the car loop over a sheave. grow and help our customers succeed. Our entry into advanced composites with Glasforms constitutes a clear and immediate foundation from which PolyOne can build in the future."
Farooq Abdullah informed Rajya Sabha today that India-US Energy Dialogue was launched on 31st May 2005 to promote increased trade and investment in the energy sector including renewable energy, through identification of areas of co-operation and collaboration, while actively working with both the public and private sectors. In this context, Especially when it comes to the next generation of wind turbine. a meeting of the Working Group on New Technologies & Renewable Energy was held during 26, September, 2012 in Washington DC.
The Working Group Meeting discussed among other issues, matters related to enhancement of generation of energy from renewable and low carbon resources, solar and wind resources assessment, wind turbine testing, solar photovoltaic module reliability testing,Horizon manufacture a range of laundry dryer fans for efficient exhaust ventilation. possibilities of cooperation in the area of integration of renewable in the grid, storage technologies, photovoltaic module reliability and financing Clean Energy technologies.
With a purchase price of $34 million, PolyOne expects the acquisition to be accretive to earnings in 2013. Glasforms has grown sales at a 36 percent compound annual growth rate since 2010 and in fiscal year 2012 achieved revenues in excess of $50 million. Glasforms manufactures advanced composite products for use in demanding applications across the electrical and telecom, energy, transportation, healthcare, and security and defense markets. End products include applications for endoscopy wands, wind turbine blade stiffening components, commercial truck floors and railcar doors for lightweighting, composite utility poles to replace wood and metal, earthquake-proof bridge decks, and specialized rods used in the production of oil and gas.
"Our acquisition of Glasforms marks yet another important milestone in PolyOne's transformation, as we further broaden our specialty solutions portfolio to include these new and adjacent technologies and applications," said Stephen D. Newlin, chairman, president and CEO, PolyOne Corporation. "As with past acquisitions, we will utilize an 'invest to grow' strategy and leverage PolyOne's strengths to further enhance the consistent and strong track record of innovation, performance and growth that Glasforms has achieved in its remarkable history."
Glasforms will continue to operate from its Birmingham, Alabama campus, which includes six buildings and ample capacity for future expansion.We have hundreds of fog lights, driving lights, off torch light and fog lamps. The company employs approximately 300 associates, and its founder and president, Peter Pfaff, will continue in his leadership role along with other members of the Glasforms management team. "When I started Glasforms, it was with a commitment to innovation, quality, growth and unparalleled value to our customers," said Mr. Pfaff. "I'm so proud of how our team has delivered and am extremely excited that we will take it to the next level by joining PolyOne. As PolyOne's proven strategy is now Glasforms's roadmap, it will increase our ability to help customers succeed by collaborating to deliver innovative solutions and unprecedented service in our industry."
Glasforms will integrate as part of PolyOne's Specialty platform, under the direction of Craig Nikrant, senior vice president and president, Global Specialty Engineered Materials. "We're thrilled to have Glasforms join our team. I look forward to working closely with Peter and welcoming all Glasforms associates to our growing global team," said Mr. Nikrant. "The shared knowledge and best practices between our Specialty businesses provide numerous opportunities for us to innovate, In a elevator parts system, steel cables bolted to the car loop over a sheave. grow and help our customers succeed. Our entry into advanced composites with Glasforms constitutes a clear and immediate foundation from which PolyOne can build in the future."
Farooq Abdullah informed Rajya Sabha today that India-US Energy Dialogue was launched on 31st May 2005 to promote increased trade and investment in the energy sector including renewable energy, through identification of areas of co-operation and collaboration, while actively working with both the public and private sectors. In this context, Especially when it comes to the next generation of wind turbine. a meeting of the Working Group on New Technologies & Renewable Energy was held during 26, September, 2012 in Washington DC.
The Working Group Meeting discussed among other issues, matters related to enhancement of generation of energy from renewable and low carbon resources, solar and wind resources assessment, wind turbine testing, solar photovoltaic module reliability testing,Horizon manufacture a range of laundry dryer fans for efficient exhaust ventilation. possibilities of cooperation in the area of integration of renewable in the grid, storage technologies, photovoltaic module reliability and financing Clean Energy technologies.
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