CHICAGO and PITTSBURGH, June 10, 2014: Composites One, North America's leading distributor of composites raw materials and value added services, announced today it has signed a purchase agreement to acquire essential composites distribution assets from Nexeo Solutions, and the Nexeo Solutions dedicated composites distribution employees will join Composites One. This transaction is expected to close on or about July 1, 2014.
Arlington Heights, IL-based Composites One is the nation's leading distributor of composite materials serving customers from more than 30 locations in North America. The Woodlands, TX-based Nexeo Solutions is the largest global chemical, plastics and composites distributor with a centralized business model.
Morgan Lewis served as Composites One’s legal adviser on the transaction led by Business and Finance Practice partners Elizabeth Perdue and Kimberly Taylor. Assisting on the transaction were Business and Finance associates Nathan Piper and Doneld Shelkey, Antitrust Practice partner Harry Robins and Environmental Transactions Practice partner Judith Walkoff.
For further information about the transaction, please see the press release issued by Composites One and Nexeo Solutions.