For the year, sales at Avon Lake, Ohio-based Avient were up more than 2 percent to almost $3.4 billion. But the firm's annual profit plunged almost 46 percent to $82.8 million.
The deals will continue Avient's focus on building an advanced composites platform, a strategy the company has been pursuing for 10 years. The transaction includes Dyneema, the strongest man-made fiber in the world.
The deals will continue Avient's focus on building an advanced composites platform, a strategy the company has been pursuing for 10 years. The transaction includes Dyneema, the strongest man-made fiber in the world.
Full-year 2021 sales at Avient Corp. were a little more than $4.8 billion, up almost 49 percent vs. 2020. The firm's profit for the year was up almost 73 percent to $230.6 million.