Nexeo Solutions Inc. was bought by investment firm One Rock Capital Partners for USD $640 million. The deal will create a standalone plastics distributions business. The new business will be led by Shawn Williams, who is the current executive vice president of Nexeo Plastics.
Nexeo Plastics currently a global leader in the distribution of plastics products, and supplies to customers in more than 60 countries in North America, Europe, and Asia. Their headquarters is in The Woodlands, Texas.
Managing partner with One Rock, Tony Lee, said in a statement, “We are excited about the opportunity to create a standalone plastics distribution business and invest in growth by deepening its relationships with customers and supplier partners. We look forward to collaborating with Nexeo Plastics’ management team to achieve the full potential of the business.“
Image: Nexeo Solutions