August '17

For the Business of Apparel Decorating

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8 || P R I N T W E A R A U G U S T 2 0 1 7 Business Watch PolyOne Corporation Acquires Rutland CLEVELAND—PolyOne Corporation an- nounces the acquisition of Rutland Holding Company. The acquisition expands the com- pany's specialty additives and ink solutions. "PolyOne is a trusted resource for dynamic and innovative industries where color serves as the ultimate expression of consumer pref- erence," says Robert M. Patterson, CEO of PolyOne. "This recent investment is a natural extension of all that we do in color; from InVisiOSM design services to additive technolo- gies that enhance product performance beyond their appearance." PolyOne says with the acquisition, it plans to continue marketing Rutland's existing brands alongside its Wilflex products. PolyOne says Rutland will be immediately accretive to earnings. The company plans to discuss the transaction in more detail on a forthcoming second-quarter earnings call. Vastex Breaks Ground on New Headquarters ALLENTOWN, Pa.—Vastex International breaks ground on new corporate headquar- ters in Bethlehem, Pennsylvania. "The new facility will enable us to streamline our manufacturing processes, increase our research and development efforts, and provide a state-of-the-art training facility for both new and experienced screen printers," says Mark Vasilantone, president of Vastex. The forthcoming 37,500-square-foot facility will feature a manufacturing section that houses inventory, metalworking, electrical, assembly, and shipping. Vastex says the re- maining space will accommodate offices, a showroom, and a hands-on classroom area that includes screen-printing equipment for Vastex University, the company's training program for entry-level screen printers. The new Vastex campus boasts 8.25 acres and provides the company the ability to double the size of its planned building. The facility is designed with a "break-out" wall to accommodate this projected growth. Matsui Cele- brates 30th Anniversary GARDENA, Calif.—Matsui International Company cel- ebrates its 30th anniversary. The California- based company is a subsidiary of Matsui Shikiso Chemical Com- pany, founded in 1911 in Kyoto. The company carries a wide range of inks, coatings, and supplies for apparel decoration, such as screen printing and heat trans- fer application. Matsui notes its staff size as a marker for evolution over the past three decades. Begin- ning with a three-person team, the organization now employs more than 40 people. The business also attributes a loyal customer base to its growth. "We could not have come this far without the loyal sup- port, dedication, and hard work of each member of the Matsui team," the company states. "All of us at Matsui want to thank our customers for their loyalty and support during our thirty years in busi- ness." In addition to a 30th- anniversary announcement, the organization appoints Jesse Martinez to printing and direct-to-garment digital ink sales manager. Martinez comes to the role with three years of experience in the sales division.

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