PolyOne Corp., which provides specialized polymer materials, services and solutions, acquired Fiber-Line Inc.
The acquisition marks an exit for Avon, Conn.-based private equity firm Ironwood Capital Ltd., which makes non-control growth investments in middle-market companies. Ironwood and Taglich Private Equity LLC bought Fiber-Line in a management buyout transaction in 2012, according to S&P Global Market Intelligence data.
Hatfield, Pa.-based Fiber-Line makes high-performance fiber products for various industries and applications. The company has five production sites across North America, Europe and Asia.