One Rock completes acquisition of Nexeo Plastics
Nexeo Plastics is the plastics distribution business of Nexeo Solutions Inc., a subsidiary of Univar Inc.
New York City-based Investment firm One Rock Capital Partners has completed its acquisition of Nexeo Plastics, which is the plastics distribution business of Nexeo Solutions Inc., a subsidiary of Univar Inc.
The US$640-million deal was first announced in February.
The new business will continue to be led by Shawn Williams, the executive vice president of Nexeo Plastics.
“Our partnership with One Rock and new structure as a pure-play plastics distribution business will allow us to focus our talent and resources on expanding our service offering for our suppliers and customers worldwide,” Williams said in a statement.
Headquartered in The Woodlands, Texas, Nexeo Plastics is a global leader in the distribution of plastics products, including polymer products and prime engineering resins, and supplies customers in more than 60 countries in North America, Europe, and Asia.