Enviroplas has completed a merger with Aurora Plastics, a portfolio company of Nautic Partners
Chicago, IL – CFI USA (P&M Corporate Finance, LLC) is pleased to announce that it served as the exclusive financial advisor to Enviroplas, LLC (“Enviroplas” or the “Company”) on its merger with Aurora Plastics, LLC (“Aurora Plastics”), a portfolio company of Nautic Partners.
Aurora Plastics is a leading manufacturer of polymer compounds, and Enviroplas is an engineering compounding business with more than 30 years of growth history. Sharing a commitment to being their customers’ first choice, Aurora Plastics and Enviroplas can now offer customers a broader product portfolio backed by industry-leading customer service.
“Enviroplas brings an exciting platform expansion in a near-product adjacency with meaningful synergies,” says Darrell Hughes, Chief Executive Officer of Aurora Plastics. “We completed extensive research of the market and growth opportunities prior to initiating this merger,” explains Hughes. “Jim and his leadership team have dramatically accelerated the company’s growth by leveraging their deep industry knowledge, operating rigor, and results focus.”
Enviroplas was founded by Jim Stratman in 1992 and operates out of two sites in Evansville, Ind. Stratman will remain a substantial shareholder and continue to lead the growth as president of Enviroplas, the engineered polymers business of Aurora Plastics, reporting to Hughes. Enviroplas’ leadership team and employee base will continue in their current roles.
“There are tremendous cultural similarities between Aurora Plastics and Enviroplas. Most important of these is the focus on customer intimacy and partnership, enabling the continued growth of Aurora’s engineered compounds and vinyl specialties businesses. Aurora is a great company and was an outstanding choice to build on Enviroplas’ legacy of providing top-tier innovation, strong customer service, and leading product quality. Partnering with Aurora allows an immediate scaled platform for our products, with growth accelerators in process, people, and technology. These are exciting times,” says Stratman.
This transaction closed on 30 September 2022.
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Enviroplas, engineering compounding business with more than 30 years of history, has completed a merger with Aurora Plastics, a portfolio company of Nautic Partners, offering customers a broader product portfolio backed by industry-leading customer service
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