26-Mar-2018 - Plaskolite, LLC

Covestro sells business unit in North America

Plaskolite announced that it is acquiring the North American polycarbonate sheet manufacturing business of Covestro. 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 August 1, 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. 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.

“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.

Facts, background information, dossiers
More about Covestro
  • News

    Degradation of Plastic Waste using newly Developed Biocatalysts

    The plastic materials polyurethane and polyvinyl alcohol can now be degraded under mild conditions with the help of enzymes as biocatalysts. Scientists from the University of Greifswald have developed corresponding methods together with the German company Covestro and teams from Leipzig and ... more

    Covestro successfully starts up a new world-scale chlorine plant in Tarragona

    Covestro has successfully started up a new world-scale facility for the production of chlorine in Tarragona, Spain. It is the first world-scale production plant for chlorine based upon the highly innovative and energy efficient ODC (oxygen depolarized cathode) technology invented by Covestr ... more

    Covestro plans to close the Markt Bibart site

    As part of its ongoing, Group-wide portfolio optimization efforts, in the future Covestro will increasingly focus the Engineering Plastics business entity on its core business. As a result, the Maezio® product line with highly specialized fiber-reinforced composites and the associated produ ... more

  • Companies

    Covestro AG

    Covestro is one of the world's leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in k ... more

    Covestro Deutschland AG

    more