GPD Companies, Inc (GPD), an affiliate of One Rock Capital Partners, LLC (One Rock), has completed the previously announced acquisition of Distrupol, a leading European distributor of thermoplastics to the polymer processing industry, from Univar Solutions Inc (NYSE: UNVR). Terms of the transaction have not been disclosed.
Distrupol will become part of GPD, a global holding company for value-added plastics distribution entities including Nexeo Plastics. Under GPD’s ownership, Distrupol and Nexeo Plastics will continue to operate as independent entities and brands and be led by their existing management and commercial teams.
“We welcome Distrupol to the GPD family and look forward to furthering the company’s legacy for innovation and service among its trusted network of European suppliers and customers,” says Paul Tayler, Chief Executive Officer of GPD. “With two strong independent companies, GPD is well positioned to increase its presence in global plastics distribution.”
“Distrupol’s ability to provide differentiated value across the plastics supply chain will be greatly enhanced by becoming a member of GPD’s pure-play distribution platform,” says Richard Orme, Business Director of Distrupol. “While maintaining Distrupol’s distinct identity and deep-rooted relationships with suppliers and customers alike, we are pleased to be a part of GPD as we continue to adapt our offerings to better meet the evolving needs of our partners,” adds Andrew Canning, Business Director of Distrupol.
Read more/Source: Private Equity Wire
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