PPC Partners has closed its previously announced of Columbus, Ohio-based Plaskolite, a maker of transparent thermoplastic sheet products. The seller was Charlesbank Capital Partners. No financial terms were disclosed.
CHICAGO–(BUSINESS WIRE)–PPC Partners today announced the successful completion of its acquisition of Plaskolite, LLC, North America’s largest provider of transparent thermoplastic sheet products, from an affiliate of Charlesbank Capital Partners. PPC Partners signed a definitive agreement to acquire Plaskolite in November.
PPC Partners invested alongside the Dunn family, who founded the company, and Plaskolite’s management team, which will continue to lead the business.
Headquartered in Columbus, Ohio, Plaskolite manufactures customized acrylic, polycarbonate, PETG and ABS products for a wide variety of end markets including lighting, signage and graphics, point of purchase, industrial machinery, and bath and spa. Plaskolite operates out of 11 manufacturing facilities throughout the United States, Mexico and Turkey.
About Plaskolite: Founded in 1950 in Columbus, Ohio by Donald G. Dunn and family, Plaskolite, LLC is North America’s largest provider of transparent 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. For more information, visit Plaskolite.com.
About PPC Partners: PPC Partners acquires and operates North America-based middle-market companies with leading positions in the manufactured products, services and health care sectors. Led by Tony Pritzker and the former investment and operating professionals of Pritzker Group Private Capital, the firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. PPC Partners builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit PPCPartners.com.