A. Schulman

A. Schulman was an American supplier of plastic compounding products, color concentrates, and additives before its acquisition by LyondellBasell in 2018.

"Polypur" redirects here. For the similarly named Norwegian company, see Polypure.
A. Schulman, Inc.
ISINUS8081941044 
IndustryChemicals
FateAcquired
Founded1928 (1928)
FounderAlex Schulman
Defunct2018
HeadquartersFairlawn, Ohio, United States
Key people
Joseph Gingo, CEO, Chairman, President
ProductsPlastic compounds
Color concentrates
Additives
Revenue $2.461 billion (2017)
$0.025 billion (2017)
Total assets $1.753 billion (2017)
Total equity $0.207 billion (2017)
Number of employees
4,900
ParentLyondellBasell
Websiteaschulman.com
Footnotes / references
[1]

Products

The company's products include:

History

The company was founded in 1928 by Alex Schulman by selling rubber products from a plant in Akron, Ohio.[2]

In 1972, the company became a public company via an initial public offering.[1]

In 1994, the company acquired Comalloy International, a subsidiary of Exxon based in Nashville, Tennessee.[3][4]

In February 1995, the company acquired Texas Polymer Services.[4]

In 1996, the company acquired the Specialty Compounding Division of Laurel Industries Inc., from Occidental Petroleum.[5]

In 2007, the company acquired Delta Plast Group, based in Sweden.[6]

In February 2008, the Company closed its facility in St. Thomas, Ontario.[7]

In 2009, the company opened a Polybatch plant in Akron, Ohio.[8]

In 2010, the company acquired McCann Color and closed its facility in Sharon Center, Ohio.[9]

In April 2010, the company acquired ICO for $191 million.[10][11]

Also in 2010, the company acquired Mash Compostos Plasticos of Brazil.[11]

In 2016, the company sued the former owners of Citadel Plastics, a company it had previously acquired, for $272 million, claiming that they falsified information about the recycled content and other attributes of its products and that A. Schulman later had to stop selling these products.[12]

References
  1. "A. Schulman, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. Hollander, Sarah (November 11, 2008). "Plastics company A. Schulman repackages itself". Cleveland Plain Dealer.
  3. "SCHULMAN SEEKS TO BUY EXXON CHEMICAL UNIT". The Journal of Commerce. December 16, 1993.
  4. "A Schulman 1995 Form-10K Annual Report" (PDF). November 28, 1995. Archived from the original (PDF) on December 14, 2018. Retrieved December 10, 2018.
  5. SARKIS, LISA (November 25, 1996). "A. SCHULMAN BUYS FORMER LAUREL DIVISION". Plastics News.
  6. "A. Schulman to Acquire Delta Plast Group, a European Manufacturer of Color Masterbatches" (Press release). Thomas Register. June 25, 2007.
  7. Minter, Steve (March 8, 2010). "On the Rise -- A. Schulman Inc.: Molding a Global Strategy". IndustryWeek.
  8. "A. Schulman to add plant in Akron". Crain Communications. August 20, 2008.
  9. Schoenberger, Robert (March 2, 2010). "A. Schulman Inc. buys North Canton company, plans to cut 30 to 40 jobs in Medina County". Cleveland Plain Dealer.
  10. Daly, Erin Marie (December 3, 2009). "A. Schulman Snaps Up ICO For $191.4M". Law360.
  11. "A. Schulman Inc. agrees to buy Mash Compostos Plasticos of Brazil". Crain Communications. October 18, 2010.
  12. ESPOSITO, FRANK (October 9, 2018). "A. Schulman's legal battle with Citadel continues". Crain Communications.
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