Avient Corporation is a global manufacturer of specialized

polymer A polymer (; Greek '' poly-'', "many" + ''-mer'', "part") is a substance or material consisting of very large molecules called macromolecules, composed of many repeating subunits. Due to their broad spectrum of properties, both synthetic a ...

materials headquartered in Avon Lake, Ohio. Its products include

thermoplastic A thermoplastic, or thermosoft plastic, is any plastic polymer material that becomes pliable or moldable at a certain elevated temperature and solidifies upon cooling. Most thermoplastics have a high molecular weight. The polymer chains associate ...

compounds,

plastic colorant Plastic colorants are chemical compounds used to color plastic. Those compounds come in a form of dyes and pigments. The type of a colorant is chosen based on the type of a polymeric resin, that needs to be colored. Dyes are usually used with polyc ...

s and

additives Additive may refer to: Mathematics * Additive function, a function in number theory * Additive map, a function that preserves the addition operation * Additive set-functionn see Sigma additivity * Additive category, a preadditive category with fi ...

, thermoplastic resins, vinyl resins, thermoplastic composites and specialty thermoset composite materials.

History

PolyOne was formed on August 31, 2000 from the consolidation of The Geon Company (Geon) and

M.A. Hanna Company M. A. Hanna Company was an iron ore processing company located in Cleveland, Ohio, United States. Origin The origins of the M. A. Hanna Co. are with Daniel F. Rhodes. In the 1840s Rhodes had founded Rhodes & Company which mined coal in the Mahoni ...

(Hanna). The merger between M.A. Hanna Company and The Geon Company in 2000 produced PolyOne Corporation. In 2009, PolyOne was ranked #731 on the

Fortune 1000 The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine ''Fortune''. It only includes companies which are incorporated or authorized to do business in the United States, and for ...

list and included in the S&P 600 investment index. Hanna was formed in 1885 as a privately held company focused on mining and shipping and became publicly held in 1927. In the mid-1980s, Hanna began to divest its historic mining and shipping businesses to focus on polymers. Hanna purchased its first polymer company in 1986. Geon’s roots date back to 1927 when BFGoodrich scientist Waldo Semon produced the first usable vinyl polymer, marketed under the trade name “Geon”. In 1933,

Waldo Semon Waldo Lonsbury Semon (September 10, 1898 – May 26, 1999) was an American inventor born in Demopolis, Alabama. He is credited with inventing methods for making polyvinyl chloride useful. Biography He was born on September 10, 1898. Semon ...

was granted US Patent for PVC (U.S. Patent No. 1929453), and in 1948, BFGoodrich created a vinyl plastic division that was subsequently spun off through a public offering in 1993, creating Geon as a separate publicly held company. In October 2019, PolyOne sold its performance products and solutions business unit, renamed to GEON Performance Solutions, to SK Capital. In 2020, PolyOne acquired a division of Clariant and rebranding to the name Avient, and in 2021 acquired Magna Colours Ltd. for $48 million. In April 2022, Avient Corporation has entered into an agreement with Royal DSM to purchase the DSM Protective Materials business for a purchase price of $1.485B.

References

External links

*
Avient official website
{{Authority control Companies listed on the New York Stock Exchange Companies based in Ohio Companies established in 2000 Plastics companies of the United States