A. Schulman, Inc. SHLM
announced today that it has signed a definitive agreement to acquire ECM
Plastics, Inc., a privately owned, leading plastics compounder located in
Worcester, Massachusetts, for $36.5 million. ECM Plastics, Inc. generates
approximately $40 million in annual sales. After expected synergies, operating
margins are projected to exceed 10%, with operating profit per pound to
surpass 15 cents. The transaction is expected to close in early September
pending the completion of closing requirements.
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