Nautic Partners And Management Buy Spartech From Arsenal Capital Partners
Summary
Headquartered in Maryland Heights, MO, Spartech is a custom manufacturer of specialized acrylics and other engineered extruded plastics used in a variety of applications and end markets including aerospace & defense, healthcare, industrial, automotive, consumer goods, and packaging. Through its network of 14 plants, the company provides acrylic products, plastic sheet and rollstock, specialty film laminates and thermoformed packaging solutions to over 1,000 customers in North America, many of whom have partnered with Spartech for decades. Commenting on the deal, John Inks, COO of Spartech, said, “We are excited to work with the Nautic team as we enter the next phase of Spartech’s growth. We are proud of our strong customer relationships today and are confident that they will only improve as a result of this new partnership.” Chris Pierce, a Managing Director of Nautic, said, “What drew us to Spartech was the strength and depth of this management team, long-tenured and sticky customer relationships, and the company’s expertise in truly difficult to manufacture products such as cell cast acrylic, flame-retardant plastic sheet, and multilayered packaging, all of which are used in demanding, highly technical applications. We are very confident that John Inks, Joe Herres, Greg Zeis, Chris Southard, and the rest of the Spartech team have the capability to continue driving the initiatives they have spearheaded over the last several years.