New York-based One Rock Capital Partners, LLC (One Rock) has announced that one of its affiliates has successfully completed the previously announced acquisition of Nexeo Plastics, The Woodlands, Texas, the plastics distribution business of Nexeo Solutions, Inc., a subsidiary of Univar Inc.
Nexeo Plastics is a global distributor of plastics, including polymer products and prime engineering resins. Nexeo connects suppliers with customers across a broad cross section of end markets in more than 60 countries in North America, Europe and Asia.
Tony W. Lee, managing partner of One Rock, said: “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.”
“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.