Rodrigo, Elias & Medrano Abogados advised PolyOne on the Peruvian aspects of its acquisition of Rutland.
PolyOne Corporation is a global provider of specialized polymer materials, services, and solutions. The company is headquartered in Ohio, US and it has 60 manufacturing sites and 9 distribution facilities across North and South America, Europe and Asia.
Rutland specializes in customized formulations for consumer applications in screen printing inks for the apparel market. The company is headquartered in North Carolina.
Through this acquisition, of undisclosed value, PolyOne gained control of Rutland’s brands, assets and facilities, including a factory in Lima.
Partner Luis Enrique Palacios led the team at Rodrigo, Elias & Medrano advising PolyOne in Peru. The company instructed Ulmer & Berne in the US.
Riverside, the private equity firm which owned Rutland, instructed Jones Day for the sale.