Enviroplas LLC, an Evansville, Ind.-based supplier of customized engineering resin compounds, color matching services and related materials technology services, has merged with Aurora Plastics, a Streetsboro, Ohio-based manufacturer of polymer compounds and a portfolio company of Nautic Partners.
With the merger, Aurora Plastics and Envirplas look to offer customers an expanded product portfolio and customer service. Jim Stratman, founder of Enviroplas, will remain a substantial shareholder and continue to lead the growth as president of Enviroplas, the engineered polymers business of Aurora Plastics.
“Partnering with Aurora allows an immediate scaled platform for our products, with growth accelerators in process, people, and technology,” says Stratman.
P&M Corporate Finance served as financial advisor to Enviroplas.