Plaskolite Strengthens Product and Service Offerings Through Acquisition
COLUMBUS, Ohio (July 25, 2007) -Plaskolite is pleased to announce that it has reached a definitive agreement to acquire the continuously processed acrylic sheet division of Lucite International. Plaskolite will purchase the manufacturing plants located in Olive Branch, Mississippi, and Monterrey, Mexico. The acquisition is anticipated to be complete in the early part of the third quarter.
"This acquisition enhances our ability to provide better service for our customers," said James R. Dunn, president of Plaskolite. "Our customers' best interests are at the forefront of every decision we make, and this acquisition will give Plaskolite more manufacturing capacity and opportunities to better serve our customers logistically."
The acquisition is a landmark event for the acrylic industry. Plaskolite was one of the original domestic companies to help build the foundation of the extruded acrylic sheet industry in the United States nearly 60 years ago. Today, Plaskolite remains the only privately-held, family-owned business in the industry.
"Our dedicated leadership team will continue to seek opportunities that advance our position as an industry leader and innovator," said Dunn.
ABOUT LUCITE
Lucite International the world's largest producer of methacrylates, is successor to the acrylic business of DuPont and ICI. It is the only acrylics producer with manufacturing facilities in every region of the globe, and employs 2,000 people in sales, marketing, R&D, manufacturing, engineering, technology and business support at 16 manufacturing sites and 35 sales offices worldwide. Lucite serves and supports customers in more than 100 different countries.
ABOUT PLASKOLITE
Founded in 1950 in Columbus, Ohio by the Dunn Family, Plaskolite Inc. is proud to be the largest privately owned U.S. manufacturer of continuously processed acrylic sheet. Plaskolite's reputation is based on service, quality, stability and integrity. Plaskolite currently has more than 475 employees and manufacturing facilities in Columbus and Zanesville, Ohio; Grand Saline, Texas; and Compton, Calif.
