Cases & Deals

PolyOne sells 50% ownership interest in SunBelt Chlor Alkali Partnership to Olin Corporation for $175 million

Clients PolyOne Corporation

Jones Day advised PolyOne Corporation in its sale of its 50% ownership interest in SunBelt Chlor Alkali Partnership to Olin Corporation for $175 million, including $132 million in cash and the assumption of PolyOne's guarantee of $43 million of SunBelt debt, with an additional earn out over the next three years if certain performance metrics are achieved.