Engineering thermoplastics supplier Plaskolite LLC today announced the acquisition of MXL Industries, a manufacturer of optical plastic products. The addition of MXL strengthens Plaskolite’s existing coatings business that serves the aerospace, defense, motorsport, security, and construction markets; complements existing polycarbonate production; and expands product offerings to include specialty-crafted optical thermoplastic solutions, said the company.
Financial terms were not disclosed.
Headquartered in Lancaster, PA, MXL Industries manufactures and coats specialty-crafted optical engineering thermoplastic parts for various military, motorsport, life safety, medical, aviation, and marine applications. Calling itself a one-stop shop, MXL offers mold design and construction, injection molding, coating, routing, and assembly. The company’s specialty optical plastic parts are used in mission-critical products including fighter jet helmets, medical-grade light fixtures, and life safety equipment.
“MXL’s highly customizable in-house manufacturing capabilities, ability to manufacture low-distortion optical components, and niche end market exposure are an exciting complement to Plaskolite’s coatings and operational infrastructure,” said Ryan Schroeder, Plaskolite President and CEO. “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.”
Based in Columbus, OH, Plaskolite is owned by Pritzker Private Capital along with the founding Dunn family, management, and other co-investors. A global presence in the production of engineering thermoplastics, including acrylics, polycarbonate, ABS and PETG sheet, lighting profiles and PMMA, its custom products are used in windows, doors, lighting, signs, point-of-purchase displays, transportation, security, and bath products.