Excel Polymers is the new name chosen by Lion Chemical and ACI Capital

Excel Polymers is the name chosen by new owners Lion Chemical Capital and ACI Capital for the elastomers and performance additives business acquired from PolyOne.

The $350m (E285m) turnover business, which is headquartered at Solon, Ohio, operates five plants including one in the UK and is shortly to open its first compounding facility in China. Pete de Leeuw, Lion Chemical managing director and designated chairman of the newly bought business, saw the name as “capturing the essence of the premier organisation we intend to create”.

He said inclusion of the word ‘Polymers’ in the name reflects the goal of becoming a “full service polymer systems company”. John Quinn, president of the new company and who headed the PolyOne elastomers management team, added: “We are very much committed to our core business of thermoset elastomer compounding.”