Plaskolite to Acquire Covestro North American Polycarbonate Sheet Manufacturing Business

For the first time, customers can turn to one source for complete
clear plastic sheet product portfolio

COLUMBUS, Ohio–(BUSINESS WIRE)–Plaskolite,
LLC, North America’s largest manufacturer of acrylic sheet products,
announced today 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,
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. Covestro corporate headquarters are in
Leverkusen, Germany.

This announcement follows Plaskolite’s February 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.

About Plaskolite, LLC

Founded in 1950 in Columbus, Ohio, by Donald G. Dunn and family,
Plaskolite, LLC is the largest privately owned 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. In 2015, Charlesbank Capital Partners
became the first outside equity investor in Plaskolite. For more
information, please visit our website at www.plaskolite.com.

Contacts

Fahlgren Mortine Public Relations
Rebecca Goodburn, 614-383-1659
[email protected]
or
Plaskolite,
LLC
David Dennis, 614-294-3281
[email protected]