Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, August 19, 2022

Article Excerpt

AVIENT CORPORATION, $47.64, symbol AVNT on New York, is a provider of specialized and sustainable material solutions and services worldwide. Its products include thermoplastic compounds, plastic colorants and additives, thermoplastic resin and vinyl resin sold under brands such as CESA, ColorMatrix, and many others. The company has more than 8,500 employees operating more than 100 manufacturing plants worldwide. In April 2022, Avient announced that it was exploring the sale of its Distribution business to help pay for the purchase of DSM Protective Materials and its Dyneema brand for $1.49 billion. Dyneema’s specialty fiber is 15 times stronger than steel. As a result, the lightweight fiber is used for bullet-proof vests, etc. Dyneema is considered the world’s strongest fiber at 15 times stronger than steel. The ultra-high molecular weight polyethylene fiber is so light it floats on water. It’s used in a variety of applications including ballistic armour, apparel, ropes, nets, and more. The business includes six production facilities, four R&D centres and…