Together with the plastics processor’s management, US private equity company Nautic Partners (Providence, Rhode Island; www.nautic.com) has completed the acquisition of Spartech (Maryland Heights, Missouri / USA; www.spartech.com) from another investor, Arsenal Capital Partners (New York, New York / USA; www.arsenalcapital.com). Financial terms were not disclosed. With a US network of 14 plants, Spartech is a custom manufacturer of PMMA products, plastic sheet and rollstock, speciality film laminates and thermoformed packaging for the aerospace and defense, health care, industrial, automotive, consumer goods and packaging sectors.

Nautic is a middle‐market private equity firm that to date has focused on health care, industrial products and outsourced services. Its managing director, Chris Pierce, said the investor will continue to build up a portfolio in chemicals‐related sectors. The attraction of Spartech, he said, is the company’s expertise in difficult to manufacture products such as cell cast acrylic, flame‐retardant plastic sheet and multilayered packaging.

Formerly part of PolyOne (Avon Lake, Ohio / USA; www.polyone.com), the Spartech business was sold to Arsenal in 2017 for USD 115m – see Plasteurope.com of 24.07.2017. More recently, Clariant (Muttenz / Switzerland; www.clariant.com) agreed to sell its health care packaging business for CHF 308m (EUR 280m) to an affiliate of Arsenal – see Plasteurope.com of 23.07.2019.