Star Plastics, Trivalence Technologies set to merge

The companies say their merger will strengthen their platform capabilities and market reach.

The Star Plastics and Trivalence Technologies logos, side by side.

Image courtesy of Star Plastics LLC

Star Plastics LLC, a compounder of engineered thermoplastics, and its platform company, Akoya Capital Partners LLC, have announced the merger of Trivalence Technologies LLC into Star Plastics.

The companies say their combination brings together “two highly complementary organizations” and enables Millwood, West Virginia-based Star to advance its mission to provide sustainable and high-performance polymer solutions to customers around the world.

Headquartered in Evansville, Indiana, Trivalence manufactures custom-engineered plastic resin compounds using recycled and virgin sources. The company works with original equipment manufacturers and molding companies that produce finished products across industries, including automotive, electrical, construction, watersports, housewares, medical, power tools and more. The company offers resin blends, tolling services, custom color matching and flexible production lot sizes.

Star says the merger expands the scope and scale of its capabilities, enhancing its technical expertise, product offerings, geographic reach and market diversification. The company says Trivalence’s “strong regional presence, complimentary markets, customer relationships and expansive product portfolio” are a natural fit for the platform.

Star says the Trivalence management team will remain in place, adding that the “collaborative combination” reflects its philosophy of building a best-in-class organization through partnership, innovation and shared values.

The Star Plastics platform also includes:

  • Manassas Polymers LLC, a high-performance nylon recycler based in Calhoun, Georgia.
  • A strategic partnership with Italy-based Lati S.p.A., with a license to manufacture and distribute highly engineered thermoplastic compounds.
  • An exclusive relationship with Star Advanced Material Co. Ltd. in Shandong, China, to provide polymer compounding, sales and technical services in the Asia Pacific region.
  • A growing footprint in Mexico, serving regional molders and supporting near-shoring efforts.
  • Toll manufacturing services, available at multiple locations in North America and the Asia Pacific region.

“We’re excited to welcome Trivalence Technologies into the Star Plastics family,” Star CEO Daniel McMullen says. “This merger represents a significant step forward in our strategy to create a diversified, global leader in engineered thermoplastics. Together, we’ll be even better positioned to deliver innovative materials, responsive service and sustainable solutions to our customers worldwide.”

Star develops a number of products using pre- and postconsumer plastics, offering up to 100 percent recycled-content materials with specialty performance options to fit various applications. The company works with pre- and postconsumer and postindustrial polycarbonate (PC), polycarbonate/acrylonitrile butadiene styrene (PC/ABS) and ABS, ocean-bound plastics in polyethylene terephthalate (PET) and biobased resins recently developed for PC/ABS alloys, for example.

“Since our founding in 2015, it has grown rapidly by focusing on customer service, technology excellence and customer-driven solutions,” says Trivalence founder and CEO David Richey. “Joining forces with Star Plastics will allow us to accelerate investments in advanced technologies, employee development and new growth opportunities while staying true to our core values and commitment to quality.”

PMCF Investment Banking served as the exclusive financial advisor to Trivalence in this transaction.

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