10.11.2023
Plaskolite LLC (“Plaskolite”), a global manufacturer of engineering thermoplastics, today announced that it has signed an agreement to acquire Vycom, a subsidiary of The AZEK Company (NYSE: AZEK). With this acquisition, Plaskolite will expand into attractive new substrates and provide a broader product bundle to a complementary customer base.
Based in Scranton, PA, Vycom manufactures highly engineered Olefin and PVC thermoplastic sheet for the semiconductor, outdoor living, playground, marine, industrial and graphics markets. Vycom’s Olefin and PVC products are specified by customers nationwide for their high quality and performance in fire and chemical resistance.
John Szlag, Co-President at Plaskolite, said, “We are excited to welcome Vycom into the Plaskolite family. They complement our employee-first culture and focus on strong customer relationships, safety and sustainability. Furthermore, Vycom recycles and reuses 99% of its scrap, which will expand Plaskolite’s involvement in sustainability and recycling.”
Kevin Duffy, VP and General Manager at Vycom, added, “Joining Plaskolite, a company that shares our commitments to employees, strong customer relationships and exceptional quality, is great for Vycom’s team and our customers. We are eager to deliver even more value to the market by providing new complementary solutions to a growing customer base.”
Thomas Chadwick, Principal – Manufactured Products at Pritzker Private Capital, said, “Plaskolite’s acquisition of Vycom demonstrates its continued focus to best serve its customers by broadening its substrate offering and expanding its presence into other market segments. We are thrilled for the Plaskolite team and welcome the Vycom team to the Plaskolite and PPC families.”
The proposed transaction is expected to close November 1, 2023.
