Announced
Completed
Synopsis
LCI Industries, a manufacturing, distribution, wholesale, retail, and technology services provider, completed the acquisition of Polyplastic Group, a manufacturer of acrylic window and door products headquartered in Rotterdam. Financial terms were not disclosed. "Polyplastic was founded by my father in 1952. The fascination for acrylic, as a new lightweight alternative for glass, was the motivation to start the company. Over the years, passion, innovation, design, customer focus, quality, reliability, flexibility, and operation excellence have been the most important drivers for our success and present position. For our next phase, I’m convinced that LCI, including Jason Lippert and his team, holds the same values as Polyplastic, which is well known for cooperation with its customers. It is exciting to be joining a professional family of companies that can help provide synergies, new products, and innovation. I will remain as CEO of Polyplastic after the completion of the transaction to continue Polyplastic’s partnership with its loyal customers and help guide it to a new future," Jan Peter Veeneman, Polyplastic Group Owner and CEO.
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