PLASKOLITE COMPLETES ACQUISITION OF COVESTRO US POLYCARBONATE SHEET MANUFACTURING BUSINESS

Integration gives customers single-point access to industry’s leading PC sheet and acrylics portfolios

COLUMBUS, Ohio (1 de agosto de 2018) – Plaskolite, LLC, North America’s largest manufacturer of plastic sheet products, today completed its acquisition of Covestro’s US polycarbonate (PC) sheet manufacturing business. With the official close of the deal today, Plaskolite becomes the leading source in North America for both PC and acrylic manufacturing.

Plaskolite now owns and will oversee operations of the sheet headquarters, production sites and warehouse facilities in Sheffield, Massachusetts, and will maintain the existing third-party distribution warehouse facility in Hebron, Ohio. This acquisition increases the number of Plaskolite employees to over 1200.

“This acquisition completely changes the landscape of the plastics industry in North America and serves as a major milepost in the growth of our company,” said Mitchell Grindley, Plaskolite’s President and CEO. “Plaskolite is the only manufacturer capable of offering a complete clear sheet product portfolio, including acrylic, polycarbonate, PETG and ABS. This is a major step forward for Plaskolite and a huge benefit to our customers, who now can turn to a single source for all their sheet needs.”

This announcement follows Plaskolite’s acquisitions earlier this year of the continuous cast acrylic sheet business of Lucite International, Inc., and the profile lighting business of Rotuba Extruders, Inc. This is the second business Plaskolite has acquired from Covestro. In 2012, Plaskolite purchased its North American VIVAK® line of PETG sheet.

Sobre Plaskolite, LLC
Fundada en 1950 en Columbus, Ohio, por Donald G. Dunn y su familia, Plaskolite, LLC es el fabricante privado de productos de láminas termoplásticas transparentes más importante de Norteamérica. Los productos personalizados de Plaskolite se usan en una amplia gama de aplicaciones, que incluyen ventanas, puertas, iluminación, letreros, expositores de puntos de venta y productos para baños. Plaskolite atiende a una base de clientela diversa, entre ellos distribuidores, fabricantes de equipos originales y comerciantes. En 2015, Charlesbank Capital Partners se convirtió en el primer inversionista en acciones externo de Plaskolite. Para obtener más información, visita nuestro sitio web www.plaskolite.com.

Contacts:

Vince McMorrow
Fahlgren Mortine Public Relations
vince.mcmorrow@fahlgren.com
614-383-1622