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Plaskolite to Acquire Plazit-Polygal Assets as Part of Global Expansion
Friday 15 October 2021

Ohio, US-based thermoplastic sheet and profile products manufacturer Plaskolite LLC has agreed to acquire substantially all of the assets of Israel-based engineering thermoplastic sheets manufacturer Plazit-Polygal, to expand presence in Europe and South America, the company said.

The transaction is subject to regulatory approval and customary closing conditions and is expected to close in December 2021. Terms of the transaction were not disclosed.

Plaskolite will acquire Plazit-Polygal's operations and assets in North America, South America and Europe, with the exception of Plazit-Polygal's Russian operations. Upon close of the transaction, Plazit-Polygal's Israel headquarters will serve as Plaskolite's EMEA headquarters.

Plaskolite will broaden its offering with new multi-wall sheet production capabilities, and the company's added scale and international reach will enhance its ability to serve a growing customer base.

Plaskolite is owned by Pritzker Private Capital along with the Dunn family, management and other co-investors.
Details
Date Published: 15/10/2021

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