Business Management

Plaskolite To Acquire Piece of Covestro’s Manufacturing Business

The closing is expected to be completed Aug. 1.

Published

6 years ago

March 26, 2018

Plaskolite, LLC (Columbus, OH) announced that it is acquiring the North American polycarbonate sheet manufacturing business of Covestro, a global leader in high-tech polymer materials. 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, MA and will maintain the existing third-party distribution warehouse facility in Hebron, OH. With this acquisition, Plaskolite will employ 950 people. The closing is expected to be completed Aug. 1. This will be the second business that Plaskolite has acquired from Covestro. In 2012, Plaskolite purchased its North American Vivak® line of PETG sheet. Covestro corporate headquarters are in Leverkusen, Germany.

This announcement follows Plaskolite’s Feb. 12 announcement of its acquisition of the Continuous Cast Acrylic Sheet Business of Lucite International, Inc., which broadened its acrylic sheet offering and provided an entrée into the spa and bath sheet business.

For more information, visit plaskolite.com.

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