Chemical company, PolyOne has purchased Pineville, NC-based specialty inks maker, Rutland Holding Company. The financial terms of the deal were not disclosed.
Rutland, which specializes in customized formulations for consumer applications, is a leading manufacturer of screen printing inks for the apparel market. The entity offers a broad range of specialty screen printing inks and has global manufacturing footprint and customer reach.
The acquisition expands PolyOne’s portfolio of specialty color, additives and inks solutions. PolyOne plans to continue to market Rutland’s brands including Rutland, Printop, QCM and Union Ink as well as its own Wilflex products, based on customer specification and preference.
PolyOne sees the Rutland acquisition to be immediately accretive to its earnings. It plans to discuss the transaction in details in its second-quarter 2017 earnings call.
PolyOne has outperformed the Zacks categorized Chemicals-Plastics industry over the past six months. The company’s shares have gained around 12.6% over this period, compared with roughly 6.1% decline recorded by the industry.
PolyOne is gaining from its recent acquisitions which are contributing to its top line growth. Its sales rose 6% year over year to nearly $900 million in the first quarter with acquisitions contributing 2% to the top line. Sales from its Color, Additives and Inks unit went up 3% in the quarter.
PolyOne had around $158 million in cash and total available liquidity of more than $550 million at the end of the first quarter, which is available for organic investment initiatives and bolt-on specialty acquisitions.
PolyOne currently carries a Zacks Rank #2 (Buy).
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Other well-placed companies in the chemicals space include Huntsman Corporation (HUN - Free Report) , Kronos Worldwide, Inc. (KRO - Free Report) and The Chemours Company (CC - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Kronos has an expected long-term earnings growth of 5%.
Chemours has an expected long-term earnings growth of 15.5%.
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Chemical company, PolyOne has purchased Pineville, NC-based specialty inks maker, Rutland Holding Company. The financial terms of the deal were not disclosed.
Rutland, which specializes in customized formulations for consumer applications, is a leading manufacturer of screen printing inks for the apparel market. The entity offers a broad range of specialty screen printing inks and has global manufacturing footprint and customer reach.
The acquisition expands PolyOne’s portfolio of specialty color, additives and inks solutions. PolyOne plans to continue to market Rutland’s brands including Rutland, Printop, QCM and Union Ink as well as its own Wilflex products, based on customer specification and preference.
PolyOne sees the Rutland acquisition to be immediately accretive to its earnings. It plans to discuss the transaction in details in its second-quarter 2017 earnings call.
PolyOne has outperformed the Zacks categorized Chemicals-Plastics industry over the past six months. The company’s shares have gained around 12.6% over this period, compared with roughly 6.1% decline recorded by the industry.
PolyOne is gaining from its recent acquisitions which are contributing to its top line growth. Its sales rose 6% year over year to nearly $900 million in the first quarter with acquisitions contributing 2% to the top line. Sales from its Color, Additives and Inks unit went up 3% in the quarter.
PolyOne had around $158 million in cash and total available liquidity of more than $550 million at the end of the first quarter, which is available for organic investment initiatives and bolt-on specialty acquisitions.
PolyOne currently carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Other well-placed companies in the chemicals space include Huntsman Corporation (HUN - Free Report) , Kronos Worldwide, Inc. (KRO - Free Report) and The Chemours Company (CC - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Huntsman has an expected long-term earnings growth of 7%.
Kronos has an expected long-term earnings growth of 5%.
Chemours has an expected long-term earnings growth of 15.5%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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