One Rock Capital Partners LLC (New York) announced last week that one of its affiliates has successfully completed the previously announced acquisition of Nexeo Plastics (The Woodlands, TX), the plastics distribution business of Nexeo Solutions Inc., a subsidiary of Univar Inc.
A global distributor of plastics, Nexeo Plastics connects world-class suppliers with customers across a broad cross-section of end markets in more than 60 countries in North America, Europe and Asia. Nexeo Plastics uses its proprietary technology platform to efficiently serve suppliers and customers and has distinguished itself as an industry leader through its commitment to service, extensive product portfolio and expansive distribution reach, said the press release.
“We see tremendous growth opportunity for Nexeo Plastics as a stand-alone plastics distribution business,” commented Tony W. Lee, Managing Partner at One Rock. “Our team looks forward to working alongside management to deepen the company’s relationships with customers and supplier partners.”
Shawn D. Williams, CEO of Nexeo Plastics, added, “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.”