U.S. based Distributor exits European Plastics Distribution Activities in Private Equity sponsored Transaction
Global chemicals and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) will exit its Plastics distribution activities in Europe. Its UK-based subsidiary Distrupol Ltd. (Chertsey, Surrey – United Kingdom) and related companies located in the Benelux and the Nordic regions are going to be acquired by GPD Companies, Inc. (The Woodlands (Houston), TX – United States of America), an affiliate of One Rock Capital Partners, LLC for an undisclosed amount.
GDP Companies is a holding company formed by One Rock Capital Partners with the objective of creating a “leading group of global value added distributors [for Polymers]”. One of its operational entities is Nexeo Plastics, the announcement said. Upon consumation of the transaction, Distrupol will join the group.
Source: GPD Companies press release, DistriConsult analysis
HGE – DCG / 29.01.2021