Platform expansion provides customers with an extended product offering,
while building on a combined commitment to superior quality and service.
STREETSBORO, OH – October 6, 2022 – Aurora Plastics, LLC, a leading manufacturer of polymer compounds, announced today its merger with Enviroplas Inc. (“Enviroplas”), an engineering compounding business with more than 30 years of growth history, in partnership with Enviroplas management. 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. The move represents the company’s launch of an engineered polymers business segment.
“Enviroplas brings an exciting platform expansion in a near-product adjacency with meaningful synergies,” says Darrell Hughes, chief executive officer of Aurora Plastics. “We are excited to partner with the Enviroplas leadership team to drive continued growth.”
Jim Stratman, founder and chief executive officer of Enviroplas, 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.
“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, IN. “There are tremendous cultural similarities between Aurora Plastics and Enviroplas,” says Stratman. “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.”
The combined company offers a broad range of custom compounding capabilities and technologies, including:
- Engineered Polymers: PC, PC/ABS, PC/PBT, PC/ASA, PC/SAN, PC/PET, ABS, TPU, Copolyester, Copolyester/PC, PEI, PBT, MABS, Polysulfone
- PVC compounds: rigid PVC powder and pellet; CPVC, flexible PVC pellets; clear, opaque, and colored flexible PVC; rigid cellular PVC; PVC/acrylic alloys
- Thermoplastic Elastomers: styrene-butadiene-styrene (SBS) and styrene-ethylene/butylene-styrene (SEBS) block co-polymers; TPO and chlorinated polyethylene alloys (CPE)
- Other Specialty Compounds: custom thermoplastic polyolefin (TPO), low-smoke zero-halogen compounds (LSOH), flame retardant concentrates, and purge compounds
“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.
Aurora Plastics’ equity sponsor, Nautic Partners, has a proven value creation and growth model. Nautic is excited to provide resources and capital that will accelerate the growth of both the engineered compounds and vinyl specialties businesses of Aurora Plastics.
About Aurora Plastics
Founded in 1997 and headquartered in Streetsboro, Ohio, Aurora Plastics is known for providing high-quality polymers, industry-leading service, and customized solutions. The company offers a broad range of products, all delivered with special attention to consistency and reliability and designed to meet specific customer needs through a collective exchange. In addition to its Streetsboro production facility, the company has manufacturing capabilities throughout the U.S. and Canada: North Carolina, Quebec, Massachusetts, and Texas. For more information, visit www.auroraplastics.com.
Headquartered in Evansville, Indiana, Enviroplas is a leading, privately owned U.S. supplier of high-quality customized specialty engineering resin compounds, color-matching services, and related materials technology solutions for the electrical, automotive, medical, building and construction, consumer goods, business equipment, and transportation industries. The company’s commitment to customer service, financial discipline, and foresight for nearly 30 years has made it a reliably steady resource for specialty compounds in the often-volatile plastics industry. For more information, visit www.enviroplas.com.