A. Schulman, Inc.(SHLM)- NASDAQ
  • Mar. 16, 2015, 8:31 AM
    • A. Schulman (NASDAQ:SHLM) agrees to acquire Citadel Plastics for $800M, a move the plastics manufacturer believes will expand its product portfolio into specialty plastics and gain access to new industries.
    • SHLM expects the deal to add to earnings in the first 12 months and perhaps contribute as much as $25M within 18 months, due mostly to sourcing and plant efficiency actions.
    • Citadel had ~$525M of pro-forma revenue in 2014.
    | Mar. 16, 2015, 8:31 AM
  • Jun. 4, 2014, 9:12 AM
    • A. Schulman (SHLM) agrees to acquire a majority of the assets of Ferro's (FOE) specialty plastics business segment for $91M.
    • The purchase agreement includes four facilities located in the U.S. as well as operations in Spain; it does not include FOE's plastics business and operations in Edison, N.J., and Carabobo, Venezuela.
    • Ferro also says it has launched a process to market its polymer additives business, and updates FY 2014 and 2015 earnings guidance to reflect the acquisition.
    | Jun. 4, 2014, 9:12 AM
  • Jul. 2, 2013, 11:34 AM
    Shares of Ferro (FOE -9.4%) slip as Bloomberg reports that A. Schulman's (SHLM -6.5%) CEO Joe Gingo says the company is no-longer pursuing a takeover of the company, nor is it responding to any takeover bid.
    | Jul. 2, 2013, 11:34 AM
  • May 28, 2013, 5:20 PM

    A. Schulman (SHLM) will buy the plastics compounder and distributor Network Polymers for $50M. SHLM sees multiple synergies from the deal which it says will also help it "achieve greater penetration in key markets such as building and construction." (PR)

    | May 28, 2013, 5:20 PM
  • Mar. 5, 2013, 11:43 AM

    Ferro (FOE -2.8%) says it will redeploy, divest or curtail assets that can't generate sufficient returns, and is reviewing its product lines to determine potential to create value and generate cash, a day after it rejected A. Schulman's (SHLM +1.2%) $563M buyout offer. Much of FOE's 8% drop in Q4 revenues is traced to weakness in its electronic materials business.

    | Mar. 5, 2013, 11:43 AM
  • Mar. 4, 2013, 7:43 AM

    Ferro Corporation (FOE) receives a buyout offer of $6.50/share in cash and stock from A. Schulman (SHLM). The price represents a 25% premium to Friday's close. Schulman estimates the merger can achieve $35M in cost savings beyond Ferro's current targets. FOE +25% premarket. (PR)

    | Mar. 4, 2013, 7:43 AM | 2 Comments
  • Jan. 31, 2012, 10:03 AM

    Plastics supplier A. Schulman (SHLM +2.9%) adds to its European operations by acquiring French color maker Elian SAS for around $63M in cash. Elian makes formulated color concentrates used in health care, cosmetics, packaging, pipes and personal hygiene products.

    | Jan. 31, 2012, 10:03 AM
  • Jan. 30, 2012, 4:17 PM

    Plastic compound maker A. Schulman (SHLM) agrees to acquire France's Elian SAS, a maker of color concentrates for a variety of end-markets, for $63M in cash. The deal is expected to close in February.

    | Jan. 30, 2012, 4:17 PM
Company Description
A. Schulman, Inc. engages in the supply of plastic compounds, resins, and services. It offers custom performance colors, masterbatch solutions, engineered plastics, specialty powders, and distribution services. The company operates through the following segments: Europe, Middle East and Africa,... More
Industry: Rubber & Plastics
Country: United States