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WL Ross acquires Nexeo Solutions

News International-French

13 Jun 2016

WL Ross Holding Corp. announces the completion of its acquisition of Nexeo Solutions Holdings, LLC.

In connection with the closing, WLRH has changed its name to Nexeo Solutions, Inc. and expects to trade on The NASDAQ Capital Market under the ticker symbols NXEO, NXEOU, and NXEOW starting June 10, 2016.

“We look forward to continuing our partnership with the management team and TPG to realize Nexeo Solutions’ full potential as a world-class distribution platform and create significant value for our shareholders.” said Wilbur L. Ross, Jr., Chairman of WLRH.

“By expanding our ownership structure with Wilbur Ross, Jr. and team, we are diligently positioning the platform for continued growth for our customers, suppliers and shareholders.” said David Bradley, President and CEO of Nexeo Solutions.

“Nexeo has transformed significantly over the past five years, and we look forward to a continued relationship with the company and our new partners at WL Ross & Co. as Nexeo enters the next phase of its growth and evolution,” said Christopher Yip of TPG.

Nadim Qureshi, Managing Director of WL Ross & Co. LLC, added, “As a publicly traded company, we believe that Nexeo Solutions is ideally positioned to grow its market share and roll up the fragmented chemicals and plastics distribution space. We look forward to working with the management team and TPG to capitalize on these growth prospects.”

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