Plaskolite, LLC, North America’s largest manufacturer of acrylic sheet products, announced recently that it is acquiring Lucite International, Inc.’s continuous cast acrylic sheet business, which includes general-purpose sheet and sanitary ware spa and bath sheet. As a part of the transaction, Plaskolite is acquiring Lucite’s 93,375-square-foot sheet manufacturing facility in Memphis, Tenn.
Plaskolite and Lucite have had a significant ongoing relationship for 40 years, with Plaskolite being the largest North American purchaser of acrylic monomers from Lucite, a part of Mitsubishi Chemical Corporation.
“Our goal is to be the industry leader while strengthening our marketplace position for the benefit of our customers,” said Mitchell Grindley, Plaskolite’s President and CEO. “With this acquisition, we have taken another step forward in our leadership position while building on our long-term commitment to our American workforce and facilities.”
With this acquisition, Plaskolite will employ 800 people in Columbus, Ohio; Zanesville, Ohio; Grand Saline, Texas; Compton, Calif.; Olive Branch, Miss.; Monterrey, Mexico and Memphis, Tenn.
Image: Artist Therese Lahaie created "Crossing Signal Mosaic" using LuciteLux® Spectrum to illuminate the outdoor entryway of a residential building in Emeryville, CA.
More information available from Plaskolite