Industrial Products

Spartech

Leading formulator, designer and producer of highly technical advanced polymeric sheet products.

Transaction Overview

  • Represented Spartech LLC, a portfolio company of Nautic Partners, in its sale to The Jordan Company.
  • Spartech is a leading formulator, designer and producer of highly technical advanced polymeric sheet products.
  • The Company operates a network of 14 well invested, technical manufacturing facilities across the United States.

Key Observations

  • Under Nautic’s ownership, Spartech had achieved very strong performance as a result of its acquisition synergies, raw material pricing initiatives, new business wins, and operational optimization.
  • Properly positioning the sustainability of successful recent performance was critical to driving value.

Drivers of Interest

  • Spartech significantly expanded profitability under Nautic’s ownership, but opportunity remained.
  • Clear growth vision across a variety of high-value end markets.
  • Operational flexibility allowed Spartech to be resin agnostic, thereby enhancing the total market opportunity.
Hennepin Partners LLC