NEW YORK, March 29, 2019 – One Rock Capital Partners, LLC (“One Rock”) today announced that one of its affiliates has successfully completed the previously announced acquisition of Nexeo Plastics, the plastics distribution business of Nexeo Solutions, Inc., a subsidiary of Univar Inc.
Nexeo Plastics is a global leader in the distribution of plastics, including polymer products and prime engineering resins. Through its vast distribution network, 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 utilizes its proprietary technology platform to efficiently serve its suppliers and customers and has distinguished itself as an industry leader through its commitment to service, extensive product portfolio and expansive distribution reach.
Tony W. Lee, Managing Partner of One Rock, commented, “We see tremendous growth opportunity for Nexeo Plastics as a stand-alone plastics distribution business. Our team looks forward to working alongside management to deepen the company’s relationships with customers and supplier partners.”
One Rock Managing Partner R. Scott Spielvogel added, “One Rock’s operational support and deep knowledge of the plastics and distribution industries will enable us to further enhance Nexeo Plastics’ capabilities and unlock the company’s full potential.”
“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,”said Shawn D. Williams, Chief Executive Officer, Nexeo Plastics.