PolyOne Acquires PlastiComp

PolyOne Corporation has announced the acquisition of PlastiComp. Founded in 2003, PlastiComp has steadily grown through its ability to replace metal and lightweight products with long fiber technology (LFT) composite formulations, the company says. Through its Complēt® product lines and design capabilities, the company serves global customers in a wide-range of demanding applications, including medical devices, robots and drones, marine, and outdoor high-performance equipment.

PlastiComp’s 50 employees and its design and production facility in Winona, Minn. join PolyOne as part of the Specialty Engineered Materials segment. “As we looked to take this business and our customers to the next level, PolyOne was the natural choice,” said founder Stephen. Bowen.  “PolyOne’s comprehensive approach to design, service and innovation in thermoplastics and composites will enable us to forge even further ahead with our LFT technology, and I’m excited that our teams have joined together in collaboration for the future.”