General Polymers in Binding Buyout Agreement

Materials distributor General Polymers Thermoplastic Materials entered into a binding buyout agreement of all remaining equity interest from Michael Kirtley on March 17, 2023. With this agreement, current CEO and president Gregory P Boston will own 100% equity of General Polymers. Launched late 2016, the company has continued to grow and expand its commercial coverage in North America with a focus on an extensive range of engineered resins from a select group of supply partners such as AsahiKasei, Elix Polymers, Mitsubishi, Nycoa, Enviroplas, Polyram, Lotte Chemical, GRECO & ComPlas Engineering Plastics.

Said Boston, “2023 looks to be a challenging time in the plastics industry…especially for the large “big box” distribution networks. We continue to grow and are continuing to expand our commercial coverage and initiatives that are supportive to this strategy. Despite these challenges, following a simple, direct strategy of focusing on value added business in distribution of engineered compounded & branded thermoplastic resins is producing continued growth. General Polymers Thermoplastic Materials’ mission is to provide a focused approach in thermoplastic distribution that focuses on a limited line of supply partners to maximize and provide focus on individual product line strategies in alignment with our supply partners strategies.” The company plans to continue to invest in resources in support of colleagues within the General Polymers’ family and customer support functions, including sales support, marketing and human infrastructure, according to Boston.