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Plaskolite Acquires Mxl Industries

Jun 07, 2022over 3 years ago

Acquiring Company

Plaskolite

Acquired Company

MXL Industries

ColumbusInformation TechnologyMobileManufacturingManufacturingDesign

Description

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.

Company Information

Company

Plaskolite

Location

Columbus, Ohio, United States

About

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, PVC, HDPE and PETG Sheet, Extruded 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 plaskolite.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed