Maya Ellison
Polymershapes LLC is an independent company that was previously owned by Sabic and operated as Sabic Polymershapes. Sabic Polymershapes was formerly GE Polymershapes, which was created when General Electric Co. purchased and merged Cadillac Plastics and Commercial Plastics & Supply Corp. in 2001. In 2007, Sabic acquired GE Plastics from General Electric and subsequently sold Polymershapes to the private investment firm Blackfriars Corp. in 2016. Blackfriars also owns Laird Plastics Inc., which is part of its North American Plastics group. Polymershapes has since acquired Patriot Plastics Inc., a distributor of plastic products, as part of its strategy to expand its customer base and market share.
| Characteristics | Values |
|---|---|
| Current owner of Polymershapes | Blackfriars Corp. |
| Previous owner of Polymershapes | Sabic |
| Year Polymershapes was sold to Blackfriars Corp. | 2016 |
| Owner of Patriot Plastics | Jim Ferraro |
| Year Polymershapes acquired Patriot Plastics | 2019 or 2020 |
| Year Polymershapes was acquired by Sabic | 2008 |
| Year Polymershapes was acquired by GE | 2001 |
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What You'll Learn
- Polymershapes was sold to Blackfriars Corp. in 2016
- Blackfriars also owns Laird Plastics, part of the North American Plastics group
- Polymershapes acquired Patriot Plastics in 2019
- Polymershapes was previously owned by Sabic and operated as Sabic Polymershapes
- Sabic Polymershapes was the former GE Polymershapes business
Polymershapes was sold to Blackfriars Corp. in 2016
Prior to its sale to Blackfriars, Polymershapes was owned by Sabic and operated as Sabic Polymershapes. Sabic Polymershapes was the former GE Polymershapes business, dating back to GE Plastics' 2001 purchases of Commercial Plastics & Supply Corp. and Cadillac Plastics. In 2007, Sabic bought the entire GE Plastics business from General Electric Co.
Polymershapes is a major distributor of plastic sheet, rod, tube, and film, serving more than 35,000 customers through its network of over 70 locations in the US, Canada, Mexico, and Chile. The company is a committed member of the International Association of Plastics Distribution, with employees volunteering at various levels in the association.
The sale of Polymershapes by Sabic was part of the company's effort to actively manage its portfolio. Sabic's vice chairman and CEO, Yousef Al-Benyan, stated that while Polymershapes had been a profitable business, it no longer fit into the company's future plans and core strategy. The sale marked a significant consolidation in the market for semi-finished plastics distribution, given Blackfriars' ownership of Laird Plastics.
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Blackfriars also owns Laird Plastics, part of the North American Plastics group
Polymershapes is an industry-leading distributor of plastic sheets, rods, tubes, films, and associated products. With over seven decades of industry-leading heritage, the company offers thousands of quality products from trusted manufacturers. In 2016, Polymershapes was sold to the private investment firm Blackfriars Corp, based in Northbrook, Illinois.
Blackfriars Corp also owns Laird Plastics Inc., which operates as part of its North American Plastics group. Laird Plastics has been ranked as the top company in the shapes distribution sector, with estimated sales of $550 million in 2016. The acquisition of Polymershapes by Blackfriars is part of a strategy of small acquisitions, which Mel Ettenson, editor of Global Plastics Letter, predicted would continue.
Prior to its sale to Blackfriars, Polymershapes was owned by Sabic, a global petrochemicals manufacturer based in Riyadh, Saudi Arabia. Sabic had acquired Polymershapes as part of its purchase of the entire GE Plastics business from General Electric Co. in 2008. GE had previously combined two acquired companies, Cadillac Plastics and Commercial Plastics & Supply Corp., to form GE Polymershapes in 2001.
Polymershapes has continued to expand through acquisitions of its own, including that of Patriot Plastics Inc. in 2019. This acquisition was the first for Polymershapes as a standalone business in North America, following a successful 2018 share acquisition in South America. The addition of Patriot Plastics strengthened Polymershapes' position in key markets, particularly in the field of engineering thermoplastics.
With its strong heritage and ongoing acquisitions, Polymershapes remains a key player in the plastics industry, now operating as part of the Blackfriars Corp family of enterprises.
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Polymershapes acquired Patriot Plastics in 2019
Polymershapes LLC acquired Patriot Plastics Inc. in 2019. The acquisition was announced on March 4, 2019, and marked the first acquisition for Polymershapes as an independent company in North America.
Patriot Plastics, a privately held family business based in Woburn, Massachusetts, was founded by Jim Ferraro on Patriots' Day in 1976. The company has been serving the New England market for over 40 years and has expertise in end-user markets such as medical, aerospace, semiconductor, and electrical. With a focus on engineering thermoplastics, they distribute plastic rods, tubes, and sheeting.
Kevin Short, president and CEO of Polymershapes, expressed his delight in welcoming Patriot Plastics to the Polymershapes family. He commended Patriot Plastics for its reputation for top-notch customer service and deep product knowledge, making them a perfect fit with Polymershapes' organization. Rick Gough, Polymershapes' Northeast Region Director, also highlighted that the acquisition strengthens Polymershapes' position in key markets for engineering thermoplastics.
Prior to this acquisition, Polymershapes had a complex ownership history. In 2016, it was sold to private investment firm Blackfriars Corp. in Northbrook, Illinois. Blackfriars also owns Laird Plastics Inc., which is part of its North American Plastics group. Before that, Polymershapes was owned by Sabic and operated as Sabic Polymershapes, with a history dating back to GE Plastics' purchases in 2001.
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Polymershapes was previously owned by Sabic and operated as Sabic Polymershapes
Prior to its sale to Blackfriars, Polymershapes had a long history dating back to its early association with GE Plastics. In 2001, GE Plastics acquired Commercial Plastics & Supply Corp. and Cadillac Plastics, establishing a strong foundation for the business. This marked the beginning of Polymershapes' journey as it later became known.
Sabic, a global leader in diversified chemicals, played a significant role in shaping Polymershapes' growth and success. In 2007, Sabic acquired the entire GE Plastics business from General Electric Co., further expanding the reach and capabilities of Polymershapes. Under Sabic's ownership, Polymershapes thrived and refined its distribution strategies, solidifying its position in the industry.
However, as Sabic continued to actively manage its portfolio, it concluded that Polymershapes no longer aligned with its core strategy. This decision led to the divestment of Polymershapes, which was announced by Sabic officials. The sale allowed Sabic to focus on its core activities and explore new investment opportunities, while also recognizing Polymershapes' profitability and solid strategy.
Ernesto Occhiello, Executive Vice President of Sabic's Specialties SBU, expressed confidence in Polymershapes' future prospects under new ownership. The transition marked a new beginning for Polymershapes, as it returned to its roots as an independent company, committed to delivering exceptional performance and customer satisfaction.
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Sabic Polymershapes was the former GE Polymershapes business
Polymershapes was initially acquired by GE and integrated into GE Plastics, becoming the leading plastic shapes distributor in North America. GE Plastics then became a part of Sabic in 2007 when the Saudi Arabian chemical company bought the entire GE Plastics business from General Electric Co. for $11.6 billion. Sabic Polymershapes was thus the former GE Polymershapes business.
Under Sabic ownership, Polymershapes continued to grow and develop more sophisticated distribution strategies. Sabic Polymershapes distributed plastic sheets, rods, tubes, films, and associated products. In 2016, Sabic sold its Polymershapes distribution business to the privately held investment company Blackfriars Corp. for an undisclosed amount. The sale was part of Sabic's strategy to focus its resources on providing specialty resins and chemicals.
Following the sale, Polymershapes returned to its roots as an independent company within a "family" of enterprises dedicated to distribution. The company remains committed to delivering superior service and value to its customers and suppliers, broadening its expertise, portfolio, and branch network. Polymershapes is also actively involved in the International Association of Plastics Distribution, sponsoring initiatives like IAPD Women in Plastics and contributing to the IAPD Scholarship Fund.
The evolution of Polymershapes from GE Polymershapes to Sabic Polymershapes and, ultimately, its independence as an industry-leading distributor underscores its adaptability and commitment to excellence in the plastics industry.
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Frequently asked questions
No, Polymershapes is not owned by North American Plastics. Polymershapes was sold to private investment firm Blackfriars Corp. in 2016. Blackfriars owns Laird Plastics Inc., which is part of its North American Plastics group.
Before being sold to Blackfriars Corp., Polymershapes was owned by Sabic and operated as Sabic Polymershapes.
Before Sabic, Polymershapes was owned by GE Plastics, which bought the company from General Electric Co. in 2007.
Yes, Polymershapes has made acquisitions of its own. In 2019, Polymershapes acquired Patriot Plastics Inc., a distributor of plastic rods, tubes, and sheeting.
