PolyOne Completes Clariant Buy, Changes Name to Avient Materials supplier PolyOne Corp. announced today that it has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd. for $1.44 billion. PolyOne also announced that it has changed its name to Avient. "We proudly welcome our newest associates and valued customers from Clariant Masterbatch. They are joining us on Day 1 of this new era for our company, which as of today will be named Avient," said Robert M. Patterson, Chairman, President, and CEO, in a prepared statement. "Under this new brand, we bring two global leaders together to create a specialty company focused on sustainable solutions for our customers, being a great place to work for our associates, and creating value for all stakeholders,” he added. Avient is a neologism invented to reflect the company’s commitment to inspiring each other and the world to “pursue and achieve our fullest potential,” said the company. The agreement to acquire the Clariant Masterbatch business was originally announced in December 2019.