A private equity firm has purchased Spartech in partnership with Spartech’s existing management team, the companies announced today.

Headquartered in St. Louis, Mo., Spartech has an innovation center and 14 U.S. manufacturing facilities producing engineered thermoplastic materials and specialty packaging products.

The new owner is an affiliate of private equity firm The Jordan Company (TJC). Nautic Partners, a different private equity firm that has owned Spartech since 2019, will remain a minority shareholder. As part of the transaction, industry veteran Andy Brewer has become executive chairman.

“We are excited to work with The Jordan Company team as we continue to expand Spartech’s technology, design, product development, and service offerings to deliver exemplary value for our customers,” said Spartech CEO John Inks in a news release. “Given TJC’s experience, they will complement Spartech’s focus on innovation, speed and quality very well. We are confident we will continue to build on the strong customer relationships for which our company is widely recognized while expanding capabilities to enhance our ability to deliver unique engineered thermoplastics solutions for our customers. We look forward to partnering with Andy Brewer and TJC.”

“We are thrilled to be partnering with the Spartech management team as the company builds on its recent success and enters its next phase of growth,” added  Dan Williams, partner at The Jordan Company. “We will continue to invest heavily in the business to support organic growth and strategic acquisitions.”