PPC Partners has taken over Plaskolite, LLC, North America’s largest provider of transparent thermoplastic sheet products, from an affiliate of Charlesbank Capital Partners. The agreement for the takeover of Plaskolite has been signed, and the transaction is expected to close in December 2018. PPC Partners and other co-investors are investing alongside the Dunn family, who founded the company. Plaskolite’s management team will continue to lead the business.
Plaskolite, founded in 1950 in Columbus, manufactures customized products for a wide variety of applications that include windows, doors, lighting, signs, point-of-purchase displays and bath products. Plaskolite serves a very large customer base.
Tony Pritzker, Chairman, and CEO of PPC Partners, said, “We are delighted to partner with the Dunn family and management for the next phase of growth at Plaskolite. Plaskolite is a clear market leader with an outstanding team.”
“Plaskolite’s customized product approach provides a distinct competitive advantage. The Company has tremendous opportunities for growth, both through organic initiatives and accretive acquisitions”, said, Michael Nelson, PPC Partners Investment Partner.
According to Mitchell Grindley, Plaskolite CEO, Plaskolite has been a leader in innovation and customer service for more than 65 years. The company enjoyed a partnership with Charlesbank with their valuable support and insight. The company is keen to partner with PPC Partners.
PPC Partners takes over companies with leading positions in the manufactured products, services and health care sectors in North America and operates them.