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MagnaColours acquired by Avient MagnaColours acquire Avient Corporation

MagnaColours acquired by Avient

Water-based textiles ink supplier MagnaColours has been acquired by US specialized and sustainable materials company Avient Corporation for $48m (£34.9m).

“Magna represents an important investment in sustainable solutions, as brand owners seek alternatives to legacy technologies” Robert Patterson, chairman, president and CEO, Avient Corporation.“We are thrilled to have Magna join Avient. We expect our collective inks portfolio will grow substantially as the threat of Covid subsides, people can safely attend sporting and other live events in person, and travel increases.”

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