A. Schulman Acquires Prime Colorants For About $15.1 Mln

(RTTNews) - A. Schulman Inc. (SHLM) announced that it has purchased Prime Colorants Incorporated, a significant manufacturer of custom colors and additive concentrates in Franklin, Tennessee, for about $15.1 million.

For 38 years, Prime has provided pelletized color concentrates and dry powder color expertise to customers in the automotive and building and construction markets. Prime also provides an entry point for A. Schulman in the liquid color market. Prime employs approximately 50 people and expects revenues in calendar 2013 to be approximately $12 million.