Nautic Partners And Management Buy Spartech From Arsenal Capital Partners

Nautic Partners completed the acquisition of Spartech, in partnership with the company’s management, from Arsenal Capital Partners.

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. Nautic shares our vision of growing this brand, investing in new products, and further enhancing our customer experience. 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. We’re thrilled to back this team and their effort to take the company to the next level organically and through selective add-on acquisitions. Additionally, as we continue to build out our chemicals thesis we are excited to again be investing in a chemicals-related sector following our previous investment in IPS Corporation, which enabled us to have early conviction on the Spartech opportunity.

George Abd, an Operating Partner of Arsenal who led the company as Chairman and CEO during Arsenal’s ownership, noted, “Following the carve-out of Spartech from its prior corporate parent, we were extremely pleased to partner with a tremendous group of leaders at the company to implement, improve and out-perform our investment plan.” Joe Rooney, an Investment Partner of Arsenal, continued, “We invested in growth and company development, and enjoyed working with the company to develop long-term strategies that can continue to drive value creation past our ownership.



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