PLASKOLITE TO ACQUIRE COVESTRO NORTH AMERICAN POLYCARBONATE SHEET MANUFACTURING BUSINESS

For the first time, customers can turn to one source for complete clear plastic sheet

COLUMBUS, Ohio (22 de marzo de 2018) – Plaskolite, LLC, North America’s largest manufacturer of acrylic sheet products, announced today that it is acquiring the North American polycarbonate sheet manufacturing business of Covestro, a global leader in high-tech polymer materials. The acquisition transforms the North American sheet industry by combining the leader in acrylic manufacturing and the leader in polycarbonate manufacturing.

As a part of the transaction, Plaskolite is acquiring sheet headquarters, production sites and warehouse facilities in Sheffield, Massachusetts and will maintain the existing third-party distribution warehouse facility in Hebron, Ohio. With this acquisition, Plaskolite will employ 950 people.

The closing is expected to be completed 1 de agosto de 2018.

Founded in 1950 in Columbus, Ohio, by Donald G. Dunn and family, Plaskolite, LLC is the largest North American manufacturer of see-through thermoplastic sheet products. 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.

“This acquisition is transformational for Plaskolite and strengthens our industry leadership position,” said Mitchell Grindley, Plaskolite’s President and CEO. “It broadens our offering and further strengthens our partnerships. Plaskolite will be the only manufacturer ever to offer a complete clear sheet product portfolio, including Acrylic, Polycarbonate, PETG and ABS, which is a benefit to customers who can now turn to one source for all their sheet needs.”

This will be the second business that Plaskolite has acquired from Covestro. In 2012, Plaskolite purchased its North American Vivak® line of PETG sheet. Covestro corporate headquarters are in Leverkusen, Germany.

This announcement follows Plaskolite’s 12 de febrero de 2018 announcement of its acquisition of the Continuous Cast Acrylic Sheet Business of Lucite International, Inc., which broadened its acrylic sheet offering and provided an entrée into the spa and bath sheet business.

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:

Rebecca Goodburn

Fahlgren Mortine Public Relations

rebecca.goodburn@fahlgren.com

614-383-1659

David Dennis

Plaskolite, LLC

david.dennis@plaskolite.com

614-294-3281