Ohio based PolyOne Corporation, a global provider of plastic materials used in the fiber optic industry has announced the acquisition of famous water blocking cable solutions provider Fiber-Line for a US$130 million. Both PolyOne and Fiber-Line products cater to the fiber optic cable manufacturing segment.
Over a period of more than 32 years, Fiber-Line has established itself as a leading supplier of materials serving the fiber optic cable, oil & gas, industrial and consumer industries. FIBER-LINE® offers a complete line of water-swellable cable components in dry fiber optic cable designs.
Fiber-Line owns five manufacturing locations in North America, Europe, and Asia. Fiber-Line provides material science and polymer formulation expertise to engineer specified performance characteristics for fiber. These include strength, abrasion and chemical resistance, and specialty colorants. Their broad range of products and customized solutions focus on the protection and extension of the life of communication cables.
PolyOne Corporation is a global provider of specialized polymer materials and services. PolyOne has operations in thermoplastic Compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution, and vinyl resins. PolyOne product portfolio includes; Biopolymer Compounds and Sustainable Solutions, Color and Additive Concentrates, Long Fiber compounds, LSFOH (Low Smoke and Fume, Zero Halogen) compounds, Natural Rubber Latex Compounds, Non-Halogen flame-retardant compounds, Plasticizers, PVC (vinyl) compounds, RoHS Compliant Compounds, Screen Printing Inks and Dyes, Specialty Engineered Materials, Static Dissipative and Conductive compounds, Thermoplastic elastomer (TPE), Vinyl Extrusion and Molding Compounds etc,.
“Fiber-Line is an innovative and unique addition to our portfolio of fiber and composite solutions with tremendous upside for growth,” said Robert M. Patterson, chairman, president, and CEO, PolyOne Corporation. “They provide an immediate leadership position in serving the build-out of fiber optic cable and future 5G networks.” He also added that the acquisition of Fiber-Line represents a significant investment for PolyOne’s Specialty Engineered Materials segment. PolyOne expects to add nearly $100 million in revenue in 2019.
Fiber-Line’s leading technologies will complement PolyOne’s existing specialty composite solutions and wire & cable applications. PolyOne will utilize its proven invest-to-grow integration strategy to increase innovation for Fiber-Line customers, by leveraging deeper formulation expertise and a global commercial presence that accelerates growth.
“Joining the PolyOne team represents another important and exciting milestone for Fiber-Line employees and our valued customers,” said Dale Outhous, CEO, Fiber-Line. “Through PolyOne’s future investments in the Fiber-Line’s technical capabilities, operations, and commercial reach, we will be able to serve our customers better than ever before.”
Mr. Patterson added that PolyOne is excited to welcome Dale and his accomplished Fiber-Line management team to PolyOne. Through increased collaboration with customers, they would capture both near-term growth prospects as well as benefit from the expansion of 5G networks. PolyOne expect the future growth to be driven by significant technology synergies between fiber and composites, utilizing specialty colorants and coatings, which PolyOne is well positioned to develop