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A. Schulman buying France's Elian SAS


Compounder A. Schulman Inc. is expanding in Europe and boosting its specialty color masterbatch business, buying Elian SAS from British Vita plc.
Founded in 1949, Elian has about 100 employees and is located in France’s “Plastics Valley” in Oyonnax.
Fairlawn-based Schulman announced Jan. 30 that it has a definitive agreement to buy Elian for about 48 million euros, or $63 million. The deal is scheduled to close in early February.
Schulman said the deal increases its capability to serve the fast-growing healthcare and cosmetics markets. Schulman already has European color operations in Belgium, Sweden, Poland, Hungary, the United Kingdom and Italy.

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