PolyOne, a provider of specialized polymer materials, completed the acquisition of the masterbatches business of Clariant, a specialty chemical company, for $1.5bn. "This will be a truly transformational acquisition for both PolyOne and Clariant customers and employees around the world. Together, we will benefit from the combined ingenuity, passion and expertise of two global leaders in color design, additive technologies, and sustainable solutions," Robert M. Patterson, PolyOne Chairman, President and CEO.