A. Schulman Completes Acquisition of ICO, Inc.

Acquisition furthers A. Schulman’s long term strategic objective to be a global leader in rotomolding and masterbatch.

The two companies believe this transaction will bring significant value and opportunity to the customers of the combined business.

View the press release
"The addition of ICO will strengthen our ability to serve customers, and we expect the acquisition to generate approximately $15 million in annual synergies by fiscal 2012."Joseph Gingo
Chairman, President and Chief Executive Officer

Combination of Companies

A. Schulman has completed its acquisition of ICO, Inc., following the approval of the ICO stockholders at a special meeting on April 28, 2010. The transaction, first announced on December 2, 2009, calls for ICO stockholders to receive a total of $105 million in cash and 5.1 million shares of A. Schulman common stock. This transaction reflects the improvements A. Schulman has made to its operations and balance sheet during the past two years, which have strengthened its financial position to allow it now to invest in strategic acquisitions.

The combined operations of A. Schulman and ICO will bring significant value and opportunity to the customers of the combined business by:

  • Leveraging rotomolding technology from the U.S. to the rest of the world
  • Offering a wider variety of solutions including size reduction technology
  • Sharing experience, knowledge and manufacturing technology
  • Expanding distribution opportunities
  • Expanding global reach