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Ironwood Capital-backed Fiber-Line sold to PolyOne

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.