back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
06-13-2016

Resin Distributor Nexeo Goes Public

WL Ross Holding Corp. announced the completion of its acquisition of Nexeo Solutions Holdings, LLC. In connection with the closing, WLRH has changed its name to Nexeo Solutions, Inc. and started to trade on The Nasdaq Capital Market under the ticker symbols NXEO, NXEOU, and NXEOW on June 10, 2016.

“We are proud to bring Nexeo Solutions to the public market and accelerate our growth towards market leadership,” said David Bradley, President and CEO of Nexeo Solutions. “By expanding our ownership structure with Wilbur Ross, Jr. and team, we are diligently positioning the platform for continued growth for our customers, suppliers and shareholders.”

Nadim Qureshi, Managing Director of WL Ross & Co. LLC, added, “As a publicly traded company, we believe that Nexeo Solutions is ideally positioned to grow its market share and roll up the fragmented chemicals and plastics distribution space. We look forward to working with the management team and TPG to capitalize on these growth prospects.”

Private equity firm TPG Capital of San Francisco is selling a 65 percent stake in Nexeo for almost USD 1.7 billion. TPG bought Ashland Distribution from Ashland Inc. for almost USD 1 billion in 2010 and renamed the business Nexeo.

Nexeo Solutions is a large global chemical and plastics distributor with a centralized business model. With operations worldwide, Nexeo Solutions offers over 23,000 products used in a broad cross-section of industries, including chemicals manufacturing, oil and gas, paints and coatings, automotive, healthcare and personal care. Nexeo distributes resins, compounds and concentrates for more than 20 suppliers, including ExxonMobil Chemical, LyondellBasell, BASF and DuPont Co.

WL Ross Holding Corp. was a Special Purpose Acquisition Company sponsored by WL Ross Sponsor LLC, an affiliate of WL Ross & Co. LLC, for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets. WL Ross Holding Corp. completed its initial public offering in June 2014, raising approximately USD 500 million in cash proceeds.

Company profile

Nexeo Solutions Inc.

Waterway Square 3
US TX 77380 The Woodlands

Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents