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Manufacturing: A. Schulman To Buy Brazilian Plastics Producer

October 19, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) –  A. Schulman, Inc. (NASDAQ: SHLM) said that it has agreed to purchase Mash Compostos Plasticos, a masterbatch additive producer and engineered plastics compounder based in Sao Paulo, Brazil.

The transaction is scheduled to close on November 3.

Joseph M. Gingo, CEO of A. Schulman, said, “The Brazilian plastics industry holds significant growth potential because per-capita consumption of plastic is still much lower than in other countries.”

He said that, with this acquisition, and with his firm’s April 30, acquisition of ICO, Inc., which included two facilities in Brazil, Schulman is, “…aggressively expanding our presence in that market…"

Gustavo Perez, general manager and chief operating officer of the Americas for Ohio-based A. Schulman is an international supplier of plastic compounds and resins.  

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