Press Release
Star Plastics Welcomes Trivalence Technologies, LLC in Strategic Merger to Strengthen Platform Capabilities and Market Reach
Millwood, WV – July 9, 2025 — Star Plastics, LLC, a leading compounder of engineered thermoplastics and platform company Akoya Capital Partners, LLC, is pleased to announce the merger of Trivalence Technologies into Star Plastics. This strategic combination brings together two highly complementary organizations, further advancing the company’s mission to provide innovative, sustainable, and high-performance polymer solutions to customers around the world.
The merger expands the scope and scale of Star Plastics’ capabilities—enhancing technical expertise, product offerings, geographic reach, and market diversification. Trivalence Technologies’ strong regional presence, complimentary markets, customer relationships, and expansive product portfolio are a natural fit for the platform.
The Trivalence Technologies management team will remain in place, ensuring business continuity and ongoing leadership excellence. This collaborative combination reflects the company’s philosophy of building a best-in-class organization through partnership, innovation, and shared values.
The Star Plastics platform also includes:
• Manassas Polymers, LLC, a high-performance nylon recycler based in Calhoun, Georgia
• A strategic partnership with LATI S.p.A., with a license to manufacture and distribute highly engineered thermoplastic compounds
• An exclusive relationship with Star Advanced Material Co., Ltd. in Shandong, China to provide polymer compounding, sales and technical services in the Asia Pacific region
• A growing footprint in Mexico, serving regional molders and supporting near-shoring efforts
• Toll manufacturing services, available at multiple locations in North America and the Asia Pacific Region
“We’re excited to welcome Trivalence Technologies into the Star Plastics family,” said Daniel McMullen, CEO of Star Plastics. “This merger represents a significant step forward in our strategy to create a diversified, global leader in engineered thermoplastics. Together, we’ll be even better positioned to deliver innovative materials, responsive service, and sustainable solutions to our customers worldwide.
” David Richey, founder and CEO of Trivalence Technologies, commented, “Since our founding in 2015, Trivalence has grown rapidly by focusing on customer service, technology excellence and customer-driven solutions. Joining forces with Star Plastics will allow us to accelerate investments in advanced technologies, employee development, and new growth opportunities, while staying true to our core values and commitment to quality.”
PMCF Investment Banking served as exclusive financial advisor to Trivalence Technologies in this transaction.
About Trivalence Technologies, LLC
Trivalence Technologies, headquartered in Evansville, Indiana, manufactures customengineered plastic resin compounds using recycled and virgin sources. Trivalence collaborates with Original Equipment Manufacturers (OEMs) and molding companies who produce finished products across diverse industries, including automotive, electrical, construction, watersports, housewares, medical, power tools, and more. Trivalence’s offerings include engineered resin blends, tolling services, custom color matching, and flexible production lot sizes—both small and large. Trivalence supplies fillers and reinforcement solutions tailored for injection molding and extrusion applications.
Learn more at www.trivalencetechnologies.com
About Star Plastics, LLC
Star Plastics is a leading provider of engineered thermoplastic compounds known for high quality, customization, and sustainability. With a global network of facilities and partnerships, Star delivers consistent, reliable solutions to OEMs, molders, and compounders across a wide range of industries.
Learn more at www.starplastics.com
About Akoya Capital Partners, LLC
Akoya Capital Partners is a sector-focused private equity firm that partners with outstanding leadership teams to build market-leading businesses. Akoya brings operational expertise, strategic insight, and long-term partnership to its portfolio companies.
Learn more at www.akoyacapital.com
Media Contact:
Scott W. Blanchard
Marketing Communications Leader
Phone: 330.322.8111
Email: sblanchard@starplastics.com
# # #