Plaskolite LLC, a global manufacturer of engineering thermoplastics, announces it has signed an agreement to acquire Vycom, a subsidiary of The AZEK Company.
Based in Scranton, Pennsylvania, Vycom manufactures highly engineered Olefin and PVC thermoplastic sheets for the signage and graphics industry.
According to the company, with the acquisition, it will expand into new substrates and provide a broader product bundle to a complementary customer base.
The proposed transaction is expected to close Nov. 1, 2023.
“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,” states John Szlag, co-president at Plaskolite. “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 adds, “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.”
“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,” says Thomas Chadwick, principal of manufactured products at Pritzker Private Capital.
