A. Schulman Enters Into Agreement to Purchase a Majority Share of Argentina-Based Surplast S.A.

A. Schulman, Inc. SHLM announced today that it has entered into an agreement to become a 51% equity holder, through a $1.1 million investment, in Surplast S.A. The other owner of the venture is Alta Plastica S.A., one of the largest distributors of resins in Argentina. Gustavo Perez, General Manager and Chief Operating Officer of the Americas for A. Schulman, stated, "We are the leading supplier of specialty powders in the world and our partnership with Surplast will enhance our ability to provide products for the rotational molding industry throughout South America and better serve our customers in countries such as Chile, Uruguay and Argentina." "With our process and product knowledge, complete grade slate, local production and market knowledge, we are in a strong position to take advantage of opportunities in this key region," said Eric Parsons, Managing Director of ICO Polymers - The Americas, a unit of A. Schulman. With this move, A. Schulman will now have a facility in Argentina, in addition to the three facilities that the Company previously acquired in Brazil through its ICO and Mash acquisitions. A. Schulman's portfolio includes masterbatch, engineered plastics and rotomolded products to meet growing demand in South America.