Plaskolite to acquire Plazit-Polygal for $210m.

Plaskolite, a manufacturer of engineering thermoplastic sheet and profile products, agreed to acquire Plazit-Polygal, an international pioneer in the design, development and manufacturing of engineering thermoplastic sheets, for $210m. 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. “This transformative acquisition will significantly expand Plaskolite’s global reach and strengthen the high-quality offering we provide our customers. For more than 70 years, Plaskolite has led our industry focused on customer service, product quality and innovation. The addition of Plazit-Polygal’s talented team and dynamic production capabilities will help us extend our leadership position as we serve a growing base of customers. I am delighted to welcome Amir and everyone at Plazit-Polygal to the Plaskolite family," Ryan Schroeder, Plaskolite President and CEO.