September 5, 2018 – CIM Partners has advised I.Stern & Co. Inc. (“I.Stern”) on its acquisition by Ravago Americas, a division of Ravago Group of Luxembourg. The terms of the transaction were not disclosed.
I.Stern is a well-established distributor/reseller of commodity resins. I.Stern was founded in 1991 by Ira Stern and later acquired and operated by industry veterans Brian Miles and Todd Stein. Together they built the company to over $100 million in annual revenue with an emphasis on Styrenics, Polypropylene and PET materials. I.Stern will be integrated into Ravago Americas North American resale business.
“We continue to look for quality commercial companies with great people and culture to help grow our business,” said Jim Duffy, President, and CEO of Ravago Holdings Americas.
About Ravago Americas
Ravago Americas provides a superior distribution, resale, compounding and recycling service for plastic and elastomeric raw materials. The quality of service to customers is reliable and technically proficient. Ravago conducts business ethically in a spirit of partnership with suppliers and stewardship with staff. For more information, please visit Ravago’s website at www.Ravago.com.