Marco Polo and Global Plastics have merged with ITOCHU to form MGI
The transaction brings together two rapidly growing companies in the plastic resin distribution sector under common ownership and adds a new co-owner from one of the largest chemical distributors in the world. The combined company will be a leading U.S.-based plastic resin distributor with a growing international footprint and existing sales in over 50 countries. MGI International’s (MGI) key management will be introduced to ITOCHU’s international plastic resin network, and that network is expected to support further export growth concurrent with the large expansion of polyethylene supply in the U.S. MGI will distribute ITOCHU’s international sourcing of related products to MGI’s North American customer base.
Lincoln acted as the exclusive financial advisor for Marco Polo International and Global Plastics, working closely with the company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction. The financial terms of the deal were not disclosed.
Lincoln’s strong experience and extensive international reach in the chemicals distribution sector were instrumental to the successful completion of this important cross-border transaction for our company.
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