Industry | Chemicals |
---|---|
Founded | 1928 |
Founder | Alex Schulman |
Defunct | 2018 |
Fate | Acquired |
Headquarters | Fairlawn, Ohio, United States |
Key people | Joseph Gingo, CEO, Chairman, President |
Products | Plastic compounds Color concentrates Additives |
Revenue | $2.461 billion (2017) |
$0.025 billion (2017) | |
Total assets | $1.753 billion (2017) |
Total equity | $0.207 billion (2017) |
Number of employees | 4,900 |
Parent | LyondellBasell |
Website | aschulman |
Footnotes /references [1] |
A. Schulman was an American supplier of plastic compounding products, color concentrates, and additives before its acquisition by LyondellBasell in 2018.
The company's products include:
The company was founded in 1928 by Alex Schulman by selling rubber products from a plant in Akron, Ohio. [2]
In 1972, the company became a public company via an initial public offering. [1]
In 1994, the company acquired Comalloy International, a subsidiary of Exxon based in Nashville, Tennessee. [3] [4]
In February 1995, the company acquired Texas Polymer Services. [4]
In 1996, the company acquired the Specialty Compounding Division of Laurel Industries Inc., from Occidental Petroleum. [5]
In 2007, the company acquired Delta Plast Group, based in Sweden. [6]
In February 2008, the Company closed its facility in St. Thomas, Ontario. [7]
In 2009, the company opened a Polybatch plant in Akron, Ohio. [8]
In 2010, the company acquired McCann Color and closed its facility in Sharon Center, Ohio. [9]
In April 2010, the company acquired ICO for $191 million. [10] [11]
Also in 2010, the company acquired Mash Compostos Plasticos of Brazil. [11]
In 2016, the company sued the former owners of Citadel Plastics, a company it had previously acquired, for $272 million, claiming that they falsified information about the recycled content and other attributes of its products and that A. Schulman later had to stop selling these products. [12]
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