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A. Schulman Shareholders Will Vote on Merger with Lyondell Basell

Ideastream Public Media | By Tyler Thompson
Published June 13, 2018 at 5:25 AM EDT

Shareholders of Northeast Ohio manufacturer A. Schulman are set to vote on a merger with LyondellBasell  tomorrow.

LyondellBasell is the world’s seventh largest manufacturer of chemicals. Schulman, based in Fairlawn, makes plastics and resins. The two industries are looking to reduce cost and take advantage of a broader market.

Kent State professor Asli Arikan says this could mean a loss of local jobs.

Job Consolidation

“Cause most of these deals, if it’s with an industry is gonna go for consolidating duplicate activity which means, cutting out jobs.”

Schulman had nearly 5,000 employees. The deal is valued at more than $2 billion.

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Tyler Thompson
Tyler Thompson was a reporter and on-air host for 89.7 NPR News. Thompson, originally from northeast Ohio, has spent the last three years working as a Morning Edition host and reporter at NPR member station KDLG Public Radio and reporter at the Bristol Bay Times Newspaper in Dillingham, Alaska.
See stories by Tyler Thompson