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SK Capital Considers $2 Billion Geon Performance Sale

  • Private equity firm working with adviser on strategic options
  • SK Capital bought Ohio-based company from Polyone in 2019

SK Capital Partners is considering a sale of Geon Performance Solutions that could value the chemical maker at about $2 billion, according to people with knowledge of the matter.

The private equity firm is working with advisers to look at strategic options for Geon, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The firm, which last year generated about $200 million in earnings before interest, taxes, depreciation and amortization, is expected to attract interest from other chemical groups and private equity firms, the people said.