Plaskolite LLC ("Plaskolite"), a leading manufacturer of engineering thermoplastics such as Acrylic, Polycarbonate, ABS and PETG Sheet, Lighting Profiles, and PMMA Polymers, has announced the acquisition of MXL Industries ("MXL"), a high-quality optical plastic product manufacturer.
Plaskolite's existing coatings business, which serves the aerospace, defense, motorsports, security, and construction markets, is strengthened by the addition of MXL, which complements existing polycarbonate production and expands the company's broad product offering to include specialty-crafted optical thermoplastic solutions. The financial details were kept under wraps.
MXL Industries, based in Lancaster, Pennsylvania, manufactures and coats optical engineering thermoplastic parts for military, motorsport, life safety, medical, aviation, and marine applications.
MXL provides customers with a one-stop shop that includes mold design and construction, injection molding, coating, routing, and assembly. Mission-critical products such as fighter jet helmets, medical-grade light fixtures, and life safety equipment use the company's specialty-crafted optical plastic parts.
Ryan Schroeder, Plaskolite President and CEO, said, “MXL’s highly customizable in-house manufacturing capabilities, ability to manufacture high-quality low distortion optical components and niche end market exposure are an exciting complement to Plaskolite’s coatings offering and operational infrastructure.
With our combined resources, we will expand our footprint into more specialty end markets, strengthen customer relationships and solidify our leadership position in specialty plastics and coatings.”
Jim Eberle, President and CEO of MXL, said, “For nearly 50 years, MXL has produced high-quality, customized specialty plastics and coating solutions for customers across a range of essential industries.
Our partnership with Plaskolite represents an exciting new chapter of growth for our company. I look forward to working with Ryan and the Plaskolite team to provide our customers with innovative products and outstanding service.”
Thomas Chadwick, Principal – Manufactured Products at Pritzker Private Capital, added, “The strategic acquisition of MXL represents a compelling opportunity for Plaskolite to expand its existing coatings business into new specialty products and markets, and provides opportunities to further accelerate growth through 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.”
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