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O2 exits RheTech

O2 Investment Partners LLC, has sold RheTech Inc to HEXPOL Group. No financial terms were disclosed. RheTech is a provider of polyolefin compounds, engineered resins and multifunctional colorants and additives.


BLOOMFIELD HILLS, MI–(Marketwired – Feb 12, 2015) – O2 Investment Partners, LLC, based in Bloomfield Hills, Michigan, announced today the sale of its affiliated thermoplastic compounding business, RheTech, Inc., to the Sweden based HEXPOL Group. Terms of the deal were not disclosed. This exit marks O2’s sixth transaction since December 2013.

RheTech and its subsidiaries have four facilities (including manufacturing and laboratories), located in Whitmore Lake, MI, Fowlerville, MI, Sandusky, OH and Blacksburg, SC. RheTech is one of North American’s leading providers of polyolefin compounds, engineered resins and multifunctional colorants and additives. RheTech was owned by the Orley family, who are also founding partners in O2.

Todd Fink, Managing Partner of O2, said, “We are extremely pleased with the results of this transaction. This represents an outstanding result for all stakeholders — the selling shareholders, RheTech’s employees and HEXPOL, as the buyer. In addition, KeyBanc’s Chemicals Group ran an excellent process and found a superior strategic partner in HEXPOL.”

Mario Toukan, Managing Director and Head of Chemicals at KeyBanc, added, “We were delighted to work with such a fine organization as O2 Investment Partners, alongside RheTech’s management team, during the sale process of RheTech. The transaction centered around a robust global marketing process resulting in significant shareholder value creation. We look forward to watching RheTech take its success to the next level with its new partner.”

About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in small and middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.

O2 invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
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