Plaskolite Acquires MXL Industries

Plaskolite LLC ("Plaskolite"), a leading manufacturer of engineering thermoplastics including acrylic, polycarbonate, ABS and PETG sheets, lighting profiles and PMMA polymers, announced the acquisition of MXL Industries ("MXL"), a manufacturer of high-quality optical plastic products. The addition of MXL strengthens Plaskolite's existing coating business serving the aerospace, defense, motor sports, security and construction markets, complements its current polycarbonate production and expands its broad product portfolio to include custom-engineered optical thermoplastic solutions. The financial terms of this acquisition were not disclosed. Based in Lancaster, PA, MXL Industries manufactures and coats custom-engineered optical engineering thermoplastic parts for various military, motor sports, safety, medical, aerospace and marine applications. MXL provides customers with turnkey solutions offering mold design and fabrication, injection molding, coating, finishing and assembly. The company's custom-engineered optical plastic parts are used in mission-critical products including fighter jet helmets, medical-grade lighting fixtures and safety equipment. Ryan Schroeder, President and Chief Executive Officer of Plaskolite, said, "MXL's highly customizable in-house manufacturing capabilities, ability to produce high-quality low-distortion optical components and access to niche end markets complement Plaskolite's coating offerings and operational infrastructure in an exciting way. With our combined resources, we will expand our footprint into more specialized end markets, strengthen customer relationships and solidify our leadership position in specialty plastics and coatings." Jim Eberle, President and Chief Executive Officer of MXL, said, "For approximately 50 years, MXL has been manufacturing high-quality, customized specialty plastics and coating solutions for customers across various essential sectors. Our partnership with Plaskolite represents an exciting new growth chapter for our company. I look forward to working with Ryan and the Plaskolite team to deliver innovative products and superior service to our customers." Thomas Chadwick, Managing Director of Products at Pritzker Private Capital, added, "The strategic acquisition of MXL presents a compelling opportunity for Plaskolite to extend its existing coating business into new specialty products and markets and supports additional investment and strategic M&A. We are pleased to continue our successful partnership with Plaskolite and welcome MXL to the Plaskolite and PPC families."   SOURCE