NXEO

Nexeo Solutions, Inc.

A distributor that moves chemicals and plastics between manufacturers and the industrial companies that use them, serving customers in coatings, adhesives, and plastics processing. It was born in 2011 when Ashland sold its distribution arm to buyout firm TPG Capital, which rebranded it under the new name Nexeo—a coined word tied to "nexus," reflecting its role as a link between suppliers and buyers. In 2019 it was itself folded into rival Univar, which later became Univar Solutions.