US-based PolyOne Corporation, a global provider of specialised polymer materials, has acquired speciality assets from Accella Performance Materials, a North American manufacturer of liquid polymer formulations. Accella will retain its polyurethanes and rubber products businesses.

The acquired business joins PolyOne's Global Colour, Additives and Inks segment, and provides speciality coatings solutions and services in a wide range of applications, including consumer products, interior and under-the-hood automotive parts, outdoor recreational equipment and food packaging.

"We're thrilled to have acquired this specialty business and its innovative technologies, and we look forward to serving our newest customers with increased innovation, delivery, quality and services," said John V. Van Hulle, president, Global Colour, Additives and Inks, PolyOne. "The acquired Accella technology portfolio complements our existing speciality business, and expands our presence in fast-growing end markets that are aligned with key megatrends."

With a purchase price of US$49 million, PolyOne expects the acquisition to add US$35 million to revenues and be accretive to earnings in 2015.

"This is a compelling acquisition that highlights our approach to M&A," said Robert M. Patterson, President/CEO, PolyOne. "Our invest-to-grow integration playbook is one we have historically executed with great success. We will leverage our best-in-class technical, commercial and operational capabilities to drive growth for this new business, PolyOne, and most importantly our customers."

Accella is owned by New York-based private equity firm Arsenal Capital Partners. It was previously known as Dash Multi-Corp.

In 2013, PolyOne had a revenue of US$3.8 billion.