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HANNA TO ACQUIRE LEADING EUROPEAN COLORANTS COMPANY

 HANNA TO ACQUIRE LEADING EUROPEAN COLORANTS COMPANY
 CLEVELAND, Dec. 12 /PRNewswire/ -- M.A. Hanna Company


(NYSE/MSE: MAH) today announced a preliminary agreement to acquire the Colorant and Additive Concentrates business from the Netherlands-based chemical company Akzo. Terms of the agreement, which is subject to regulatory approvals and other conditions, were not disclosed.
 With annual sales of about (U.S.) $85 million, the Colorant and Additive Concentrate business for plastics, which will operate under the Wilson tradename, has a leading position in the European market. The business employs 460 people and has five plants located in Belgium, France, Germany, Sweden and the United States.
 "The acquisition of Wilson furthers our strategic objective of building a strong position in polymers processing in Europe," said Hanna chairman Martin D. Walker. In December 1990, Hanna entered the European plastic processing market with the acquisition of Synthecolor, one of the leading colorant producers in France.
 Wilson, established in 1950, produces colorant and additive concentrates for a variety of resins for use in wire & cable, sheet extrusion, and injection and blow molding applications throughout Europe and North America.
 "Wilson is a well established name in the industry. The business has an excellent reputation, a strong management team and a dedicated workforce," said Walker. "As a leading supplier to the wire and cable industry, Wilson helps diversify Hanna's end markets while providing a strong foundation for aggressive growth in Europe."
 Walker noted that the acquisition is expected to close during the first quarter of 1992.
 M.A. Hanna Company is a leading international specialty chemicals company.
 -0- 12/12/91
 /CONTACT: Barbara Gould (analyst), 216-589-4085; or Margot Klima 216-589-4018 (media); both of M.A. Hanna/
 (MAH) CO: M.A. Hanna Company ST: Ohio IN: CHM SU: TNM


KK -- CL002 -- 1802 12/12/91 09:09 EST
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Publication:PR Newswire
Date:Dec 12, 1991
Words:300
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