A. Schulman

Last updated
A. Schulman, Inc.
Company type Public
Nasdaq: SHLM
Industry Chemicals
Founded1928 (1928)
FounderAlex Schulman
Defunct2018 (2018)
FateAcquired by LyondellBasell.
Successor LyondellBasell
Headquarters3637 Ridgewood Rd,
Fairlawn, Ohio
,
United States
Key people
Joseph Gingo (CEO, Chairman, and President)
Products
  • Plastic compounds
  • Color concentrates
  • Additives
RevenueDecrease2.svg $2.461 billion (2017)
Increase2.svg $0.025 billion (2017)
Total assets Increase2.svg $1.753 billion (2017)
Total equity Increase2.svg $0.207 billion (2017)
Number of employees
4,900
Website aschulman.com
Footnotes /references
[1]

A. Schulman was an American supplier of plastic compounding products, color concentrates, and additives before its acquisition by LyondellBasell in 2018.

Contents

Products

The company's products include:

History

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]

References

  1. 1 2 "A. Schulman, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ Hollander, Sarah (November 11, 2008). "Plastics company A. Schulman repackages itself". Cleveland Plain Dealer .
  3. ↑ "SCHULMAN SEEKS TO BUY EXXON CHEMICAL UNIT". The Journal of Commerce . December 16, 1993.
  4. 1 2 "A Schulman 1995 Form-10K Annual Report" (PDF). November 28, 1995. Archived from the original (PDF) on December 14, 2018. Retrieved December 10, 2018.
  5. ↑ SARKIS, LISA (November 25, 1996). "A. SCHULMAN BUYS FORMER LAUREL DIVISION". Plastics News.
  6. ↑ "A. Schulman to Acquire Delta Plast Group, a European Manufacturer of Color Masterbatches" (Press release). Thomas Register. June 25, 2007.
  7. ↑ Minter, Steve (March 8, 2010). "On the Rise -- A. Schulman Inc.: Molding a Global Strategy". IndustryWeek .
  8. ↑ "A. Schulman to add plant in Akron". Crain Communications . August 20, 2008.
  9. ↑ Schoenberger, Robert (March 2, 2010). "A. Schulman Inc. buys North Canton company, plans to cut 30 to 40 jobs in Medina County". Cleveland Plain Dealer .
  10. ↑ Daly, Erin Marie (December 3, 2009). "A. Schulman Snaps Up ICO For $191.4M". Law360 .
  11. 1 2 "A. Schulman Inc. agrees to buy Mash Compostos Plasticos of Brazil". Crain Communications . October 18, 2010.
  12. ↑ ESPOSITO, FRANK (October 9, 2018). "A. Schulman's legal battle with Citadel continues". Crain Communications .
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