Nexeo Plastics LLC, a leading global thermoplastics resin distributor and an affiliate of GPD Companies, Inc., announced that it has acquired Nevicolor S.p.A., a leading Italian distributor and compounder of thermoplastics. Terms of the transaction were not disclosed.
A family-founded business based in Luzzara, Italy, with broad geographic reach throughout the country, Nevicolor has provided value-added thermoplastic resins, compounds and application development services for over 57 years. The company's products serve a variety of customers and suppliers in the industrial components, healthcare, automotive, advanced packaging, agriculture and electrical sectors. Nevicolor serves more than 800 customers with a portfolio of over 3,000 grades of high-quality polymers, including recycled materials.
"This strategic acquisition increases GPD's scale and affords Nexeo Plastics access to Nevicolor’s highly technical and analytical specialization," said Paul Tayler, Chief Executive Officer of GPD. "Nevicolor has built a reliable network of international suppliers, and we look forward to continuing to serve its customers with the customized solutions they have come to expect."
"We are pleased to join Nexeo Plastics, which will enhance and streamline our operations in Europe," said Alessandro Negri, Business Director of Nevicolor.
"Our customers in Europe will now have access to a robust offering of tailor-made compounds, specialty polymers, lab services and recycled material," added Joost d’Hooghe, Vice President of EMEA at Nexeo Plastics.