COLUMBUS, Ohio–(BUSINESS WIRE)–Jun 7, 2022–
Plaskolite LLC (“Plaskolite”), a global leader in the manufacturing of engineering thermoplastics, including Acrylic, Polycarbonate, ABS and PETG Sheet, Lighting Profiles and PMMA Polymers, today announced the acquisition of MXL Industries (“MXL”), a manufacturer of high-quality optical plastic products. The addition of MXL strengthens Plaskolite’s existing coatings business that serves aerospace, defense, motorsports, security and construction markets, complements existing polycarbonate production and expands its broad product offering to include specialty-crafted optical thermoplastic solutions. Financial terms were not disclosed.
Headquartered in Lancaster, PA, MXL Industries manufactures and coats specialty-crafted optical engineering thermoplastic parts for various military, motorsport, life safety, medical, aviation and marine applications. MXL is a one-stop shop for customers, offering mold design and construction, injection molding, coating, routing and assembly. The company’s specialty-crafted optical plastic parts are used in mission-critical products including fighter jet helmets, medical-grade light fixtures and life safety equipment.
Ryan Schroeder, Plaskolite President and CEO, said, “MXL’s highly customizable in-house manufacturing capabilities, ability to manufacture high-quality low distortion optical components and niche end market exposure are an exciting complement to Plaskolite’s coatings offering and operational infrastructure. With our combined resources, we will expand our footprint into more specialty end markets, strengthen customer relationships and solidify our leadership position in specialty plastics and coatings.”
Jim Eberle, President and CEO of MXL, said, “For nearly 50 years, MXL has produced high-quality, customized specialty plastics and coating solutions for customers across a range of essential industries. Our partnership with Plaskolite represents an exciting new chapter of growth for our company. I look forward to working with Ryan and the Plaskolite team to provide our customers with innovative products and outstanding service.”
Thomas Chadwick, Principal – Manufactured Products at Pritzker Private Capital, added, “The strategic acquisition of MXL represents a compelling opportunity for Plaskolite to expand its existing coatings business into new specialty products and markets, and provides opportunities to further accelerate growth through additional investment and strategic M&A. We are pleased to continue our successful partnership with Plaskolite and welcome MXL to the Plaskolite and PPC families.”
About Plaskolite, LLC
Founded in 1950 in Columbus, Ohio, by Donald G. Dunn and family, Plaskolite, LLC is a global leader in the manufacturing of engineering thermoplastics, including Acrylic, Polycarbonate, ABS and PETG Sheet, Lighting Profiles and PMMA Polymers. Plaskolite is owned by Pritzker Private Capital along with the Dunn family, management and other co-investors. Plaskolite’s customized products are used in a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays, transportation, security and bath products. Plaskolite serves a diverse customer base including distributors, OEMs and retailers. For more information, please visit www.plaskolite.com.
About MXL Industries
MXL Industries manufactures specialty-crafted optical plastic parts for various military, motorsport, life safety, medical, aviation and marine applications. From its headquarters and operating facility in Lancaster, Pennsylvania, MXL Industries offers mold design and construction, injection molding, coating, routing and assembly capabilities. Using innovations in clear and tint polycarbonate, MXL’s products are designed to perform in a wide variety of environments and light conditions. The company has specialized in manufacturing high-quality parts with stringent optical performance requirements for nearly 50 years, allowing the company to provide its longstanding customers with comprehensive and customized end-to-end solutions. For more information, please visit www.mxl-industries.com.
About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. 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. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20220607005581/en/
Dan Scorpio / Kyla MacLennan
(646) 899-8118 / (646) 939-3062
KEYWORD: OHIO UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: ENGINEERING CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Plaskolite LLC
Copyright Business Wire 2022.
PUB: 06/07/2022 07:00 AM/DISC: 06/07/2022 07:02 AM