Dhu Thompson, owner and chairman of Delta Plastics.
The Stephens Group LLC of Little Rock said Tuesday that it had acquired “a significant minority interest” in Revolution Plastics of Little Rock, which makes sustainable plastic products for agricultural, consumer and industrial markets.
Financial terms of the deal were not disclosed. Arsenal Capital Partners has controlling investment in the company.
Dhu Thompson, the former majority owner and chairman of Revolution, will continue as a board member and will retain what The Stephens Group called “a meaningful” investment in the company, as will Revolution CEO Sean Whiteley. Whiteley will also join the board of directors.
Arsenal announced its purchase of a controlling stake in the company in July. Revolution’s brands include Delta Plastics, Revolution Bag, Revolution Ag, Rodeo Plastics and Command. Arsenal has plans to grow Revolution, which has more than 800 employees and plants in Arkansas, California and Texas.
In a news release, The Stephens Group said it made its investment “in support of” Arsenal’s investment.
“Revolution is truly differentiated and serves as an advantaged platform from which to continue building a sustainability-focused plastics business,” Clay Hunter, managing director at The Stephens Group, said. “This investment fits squarely within our focus on engineered commercial and industrial products, and we are excited to support the business in its next phase of growth.
“We think very highly of our investment partner, Arsenal, and their expertise in the chemical and plastics industries, and we are looking forward to a long and enduring partnership with both Arsenal and the Revolution team.”
Revolution sells an array of plastic products for the agricultural sector, which it then recycles to create a “post-consumer resin,” or “PCR.” The company uses the PCR to make the same agricultural products along with others, including trash can liners, carryout bags and construction films. The company said the system “diverts millions of pounds of plastic waste from landfills each year.”
The Stephens Group is a private, family-owned investment firm with more than $1.5 billion invested since 2006.
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