THE WOODLANDS, Texas - ( BUSINESS WIRE ) - GPD Companies, Inc, an affiliate of One Rock Capital Partners, LLC, announced today that it has reached a definitive agreement to acquire Distrupol, a subsidiary of Univar Solutions Inc. (NYSE: UNVR) and one of the main European distributors of thermoplastics for the polymer transformation industry. The terms of the agreement, expected to close in the first half of 2021, have not been disclosed.
Headquartered in Surrey, England, and with broad geographic coverage throughout Europe, Distrupol has been providing value-added sales and application development for thermoplastic resins for over 50 years. With decades of relationships with global supplier partners, the company offers a robust set of superior performance products and solutions that meet the needs of a variety of end users in established and emerging industries such as consumer, healthcare, automotive and the electric, among others. Distrupol serves more than 1,300 clients in 13 countries, with a portfolio of more than 4,000 types of high-quality polymers, including sustainably sourced solutions that reduce environmental impact.
" The acquisition of Distrupol adds to One Rock's existing holdings in the plastics industry, increases our size and continues the execution of our strategy to build a major global group of distributors," said Tony W. Lee, Managing Partner of One Rock. . He continues: " Distrupol has built a good reputation for experience, innovation and technical and product reliability in its extensive network of European suppliers and customers and we look forward to helping the continued success of the company and its valued employees."
Following the closing of the transaction, Distrupol will join an important group of prestigious global distributors, including Nexeo Plastics. Distrupol will operate as a single and independent entity under its current brand name and will be managed by its current administrative and commercial teams.
" One Rock has considerable experience and in-depth knowledge of the specialty plastics and distribution industry and shares our passion for collaboration. We are delighted to join a major group of global distributors, while enabling our team to maintain their identity. distinctive and operate in this environment in an entrepreneurial way ", said Richard Orme, commercial director of Distrupol. " We will continue to create significant value across the supply chain by relentlessly focusing on the needs of our customers and suppliers and improving our service and offerings," adds Andrew Canning, Business Director at Distrupol.
About GPD Companies, Inc.
GPD Companies, Inc. is a holding company formed by One Rock Capital Partners, LLC with the intention of creating an important group of value-added distributors. Its operating entities currently include Nexeo Plastics. Upon completion of its acquisition by GPD Companies, Inc., Distrupol will join the group. More information at www.gpdcompanies.com .
About One Rock Capital Partners, LLC
One Rock makes controlling investments in companies with the potential for growth and operational improvement using a rigorous approach that uses highly experienced operational partners to identify, acquire and enhance assets in selected sectors. The involvement of these operating partners enables One Rock to conduct due diligence and expert acquisitions and investments in all types of situations, regardless of their complexity. One Rock works with company management and its operating partners to develop a comprehensive business plan, focused on the growth of the company and its profitability to increase its long-term value. More information at www.onerockcapital.com .
