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On July 1, PolyOne officially announced that it would change its name to Avient after completing the acquisition of Clariant's masterbatch business and Clariant Chemicals (India)
.
It is reported that the new company Avient will open a new era of development with a new brand image, focus on providing professional and sustainable material solutions, and always focus resources on the end market
.
Robert M.
Patterson, Chairman, President and Chief Executive Officer of Avient, said: "Through this acquisition, Avient expects more than 85% of its adjusted EBITDA to come from specialty applications
.
Avient's predecessors, PolyOne and Clariant, were founding members of the Alliance for Action to Eliminate Plastic Waste (AEPW)
.