March 2, 2010 (FinancialWire) — A. Schulman, Inc. (NASDAQ: SHLM) said that it has purchased McCann Color, Inc., a producer of color concentrates for less than $10 million in cash. 

Ohio-based McCann Color provides specially formulated color concentrates to match customer specifications. Its other products and services include UV absorbers, dry color, toll compounding and blending, and flame retardant compounds.

McCann’s products are used in end markets such as packaging, lawn and garden, furniture, consumer products and appliances.

The company operates from a 48,000-square-foot, expandable North Canton facility, which was built in 1998 to manufacture color concentrates. A. Schulman said the facility will complement its existing masterbatch manufacturing and product development facilities in Akron, Ohio, and San Luis Potosi, Mexico.

company CEO Joseph M. Gingo said that McCann Color is a “perfect fit” with his firm’s strategy to be a global manufacturer in the masterbatch business and, specifically, to advance the growth of Schulman’s North American color operations.

Ohio-based A. Schulman is a supplier of plastic compounds and resins. The company’s materials are used in a range of consumer, industrial, automotive and packaging applications.

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