Avient Corporation
| Company type | Public |
|---|---|
| Industry | Polymer materials |
| Predecessor | The Geon Company, M.A. Hanna Company |
| Founded | August 31, 2000 |
| Headquarters | Avon Lake , United States |
| Products | Thermoplastic compounds, additives and plastic colorants, thermoplastic resins, vinyl resins, thermoplastic composites, thermoset composite materials |
| Website | www |
Avient Corporation is a producer of advanced polymer materials headquartered in Avon Lake, Ohio. Its range of products encompasses thermoplastic compounds, additives and plastic colorants, thermoplastic resins, vinyl resins, thermoplastic composites, as well as specialized thermoset composite materials.
History
PolyOne was formed on August 31, 2000, through the merger of The Geon Company and M.A. Hanna Company, resulting in the creation of PolyOne Corporation. By 2009, PolyOne had achieved a ranking of #731 on the Fortune 1000 list and was included in the S&P 600 index.
Originally established in 1885 as a mining and shipping enterprise, M.A. Hanna Company shifted its focus to polymers during the mid-1980s after divesting its initial operations and acquiring its first polymer business in 1986.
Geon’s origins trace back to 1927 when Waldo Semon, a scientist at BFGoodrich, developed the first commercially viable vinyl polymer marketed under the name “Geon.” In 1933, Semon was granted a US patent for PVC (U.S. Patent No. 1929453). Subsequently, BFGoodrich formed a vinyl plastics division in 1948, which later became an independent publicly traded company named Geon in 1993.
In October 2019, PolyOne divested its performance products and solutions segment—renamed GEON Performance Solutions—to SK Capital.
The following year, PolyOne acquired a division from Clariant and rebranded itself as Avient. In 2021, Avient further broadened its sustainable solutions offerings by purchasing Magna Colours Ltd. for $48 million.
In April 2022, Avient entered into an agreement to acquire Royal DSM’s Protective Materials business for $1.485 billion and completed the acquisition later that year.