October 16, 2009 (FinancialWire) — PolyOne Corp. (NYSE: POL) said it has sold its 50 percent equity interest in Geon Polimeros Andinos, a vinyl compounding joint venture located in Cartagena, Colombia. PolyOne received a total of $13.5 million in cash for a combination of its interest in GPA and certain transition agreements associated with the sale.

Mexichem, the other 50 percent partner in the joint venture, has acquired PolyOne’s stake and is now the owner of GPA. The company will be renamed under Mexichem’s ownership. Mexichem is a producer of vinyl products throughout Latin America.

Cleveland-based PolyOne is a provider of specialized polymer materials, services and solutions.

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