GPD Companies Inc., an affiliate of One Rock Capital Partners LLC, has entered into a definitive agreement to acquire Distrupol, a subsidiary of Univar Solutions Inc. (NYSE: UNVR) and European distributor of thermoplastics to the polymer processing industry. The transaction is expected to close in the first half of 2021.
Following the closing of the transaction, Distrupol will join global distributors including Nexeo Plastics. Distrupol will operate as a standalone, independent entity under its current brand and will be led by its existing management and commercial teams.
Distrupol caters to over 1,300 customers across 13 countries with a portfolio of over 4,000 grades of high-quality polymers, including sustainably derived solutions that reduce environmental impact.
“Our acquisition of Distrupol adds to One Rock’s existing holdings in the plastics industry, increases our scale and continues the execution of our strategy to build a leading group of global distributors,” said Tony Lee, managing partner of One Rock.