8/1/2018

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 (August 1, 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.

About Plaskolite, LLC
Founded in 1950 in Columbus, Ohio, by Donald G. Dunn and family, Plaskolite, LLC is the largest privately owned North American manufacturer of see-through thermoplastic sheet products. Plaskolite’s customized products are used in a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays and bath products. Plaskolite serves a diverse customer base including distributors, OEMs and retailers. In 2015, Charlesbank Capital Partners became the first outside equity investor in Plaskolite. For more information, please visit our website at www.plaskolite.com.

Contacts:

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