Nexeo Plastics Holdings, Inc. entered into a definitive agreement to acquire Distrupol Limited from Univar Solutions Inc. (NYSE:UNVR) for approximately $140 million on January 22, 2021. Following the closing of the transaction, Distrupol will join a leading group of 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. As of February 3, 2021 GPD Companies, Inc. intends to commence a private offering of $75 million.

The transaction is expected to close in the first half of 2021. As of February 25, 2021, the completion of the sale is subject to customary closing conditions and is expected to close in the first quarter of 2021. GPD Companies, Inc. intends to use the net proceeds of the offering, together with cash on hand, to finance the acquisition and to pay all fees and expenses related there to.

As of February 18, 2021 GPD Companies, Inc. announces upsizing and closing of $85 million add-on offering of senior secured notes. The acquisition is subject to customary closing conditions including the receipt of all required regulatory approvals. Upon completion of the acquisition, Distrupol will join the group.

Latham & Watkins LLP acted as legal advisor to One Rock Capital Partners, LLC and Nexeo Plastics, LLC.