Nexeo Completes Sale of Composites to Composites One
Nexeo Solutions Continues to Build Capability in Specialty Chemicals
Nexeo Solutions, a leader in chemical distribution, announced that it has successfully completed the sale of its composites business to Composites One.
This divestiture enables legacy composites employees to thrive as part of an organization targeting growth in the composites industry while allowing Nexeo Solutions to focus on differentiating its distribution capabilities and expansion in key end markets.
"We are well positioned and will continue to focus on growth of our core business," said Nexeo Solutions' President and CEO, David Bradley.
Nexeo Solutions will continue to provide back office support for the composites business through temporary service agreements which are expected to conclude on September 30, 2014.