Jordan Group buys majority stake in Spartech
Jordan Group buys majority stake in Spartech Inks Leading plastics processor Spartech LLC has a new majority owner for the second time in less than two years. An affiliate of private equity firm The Jordan Co. LP has acquired a majority stake in Maryland Heights, Mo.-based Spartech for an undisclosed price. In a May 10 news release, officials with TJC in New York said the acquisition was completed in partnership with Spartech's existing management team. Private equity firm Nautic Partners of Providence, R.I., will remain a minority shareholder in Spartech. Nautic had been majority owner of th...