GEON Performance Solutions, LLC
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GEON Performance Solutions, LLC - overview
Location
Westlake, CA, US
Primary Industry
Materials
About
GEON Performance Solutions, LLC develops and supplies high-performance materials, focusing on custom polymers for diverse industry applications such as construction, automotive, healthcare, and electronics. Founded as a result of the acquisition of the Performance Products & Solutions Business from PolyOne Corporation in a deal valued at USD 775 mn, GEON Performance Solutions is headquartered in Westlake, US. Tracy Garrison leads the company, bringing a wealth of experience from her previous ventures. The acquisition completed in October 2019 marked a strategic pivot for the company under the ownership of SK Capital Partners, emphasizing a dedicated focus on specialty materials in growing markets.
GEON Performance Solutions specializes in high-performance materials, particularly custom polymers. Their offerings include various formulations of Polyvinyl Chloride (PVC), Polyolefins, Thermoplastic Elastomers, and Chlorinated Polyvinyl Chloride (CPVC). These products cater to sectors such as building and construction, automotive, healthcare, and electrical and electronics, providing tailored solutions that meet critical market demands. GEON serves a global customer base across North America, Europe, and Asia, ensuring their products address unique regional requirements.
In 2018, GEON Performance Solutions reported a revenue of USD 735. 8 mn, generated primarily through the sale of specialized polymer solutions. The company engages directly with B2B clients through contractual agreements, focusing on negotiated contracts based on volume and customization needs, reflecting the bespoke nature of its offerings. With the recent acquisition completed in October 2019, GEON Performance Solutions aims to leverage the funding from this deal to enhance its product range and expand into new markets.
The company is actively designing new products tailored to industry-specific demands, with plans to enter markets in Latin America and the Asia-Pacific region by 2022. The investment will be directed towards research and development, enabling GEON to optimize and innovate its offerings, thereby strengthening its position in the polymer materials sector.
Current Investors
SK Capital
Primary Industry
Materials
Sub Industries
Rubber & Plastics
Website
www.geon.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
GEON Performance Solutions, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Arkadia Plastics, Inc. | - | ||||||||
| Add-on | Completed | Foster Corporation | - | ||||||||
| Buyout | Completed | GEON Performance Solutions, LLC | - |
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