Global thermoplastics resin distributor Nexeo Plastics LLC announced today the acquisition of Nevicolor SpA, a distributor and compounder of thermoplastics based in Luzzara, Italy. Nexeo is an affiliate of GPD Companies Inc., a group of distributors formed by One Rock Capital Partners. Terms of the transaction were not disclosed.
Nevicolor is a family-founded business that has provided value-added thermoplastic resins, compounds, and application development services for more than 57 years. Customers span the industrial components, healthcare, automotive, advanced packaging, agriculture, and electrical sectors. Nevicolor serves more than 800 customers with a portfolio of over 3,000 grades of polymers, including recycled materials.
“This strategic acquisition increases GPD’s scale and affords Nexeo Plastics access to Nevicolor’s highly technical and analytical specialization,” said GPD CEO Paul Tayler. “Nevicolor has built a reliable network of international suppliers, and we look forward to continuing to serve its customers with the customized solutions they have come to expect.”
Nevicolor commented that joining Nexeo Plastics will enhance and streamline its operations in Europe. “Our customers in Europe will now have access to a robust offering of tailor-made compounds, specialty polymers, lab services, and recycled material,” said Joost d’Hooghe, Vice President of EMEA at Nexeo Plastics.