One Rock Capital Partners completed the acquisition of the plastics distribution business of Nexeo Solutions for $640m

One Rock Capital Partners has successfully completed the previously announced acquisition of Nexeo Plastics, the plastics distribution business of Nexeo Solutions. Financial terms were not disclosed. Nexeo Plastics is a global leader in the distribution of plastics, including polymer products and prime engineering resins. Through its vast distribution network, Nexeo Plastics connects world-class suppliers with customers across a broad cross section of end markets in more than 60 countries in North America, Europe and Asia. Nexeo Plastics utilizes its proprietary technology platform to efficiently serve its suppliers and customers and has distinguished itself as an industry leader through its commitment to service, extensive product portfolio and expansive distribution reach. “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.” Tony W. Lee, One Rock Managing Partner.