Charlesbank Invests in Plaskolite

Charlesbank Invests in Plaskolite

plaskolite nf1Charlesbank Capital Partners has acquired Plaskolite, one of the largest manufacturers of acrylic and plastic sheets in the United States.

As part of the transaction, the Dunn family (which has controlled the company since founding in 1950) and the management team will own a minority equity position in Plaskolite. The company will continue to be led by President & CEO Mitch Grindley, COO Mark Grindley, CFO Rick Larkin and CTO David Chan, with former President Jim Dunn becoming Chairman Emeritus.

plaskolite nf4In addition to its core specialty of making extruded acrylic sheet, Plaskolite also uses other plastic materials such as ABS (acrylonitrile butadiene styrene), PETG (polyethylene terephthalate glycol-modified), and polycarbonate. According to Charlesbank, Plaskolite has a strong market share in the acrylic sheet market with its products used in such applications as storm windows and indoor and outdoor signage. The company, with about 635 employees, is headquartered in Columbus, OH and has additional facilities in Zanesville, OH; Grand Saline, TX; Compton, CA.; Olive Branch, MS; and Monterrey, Mexico (

“Charlesbank has significant experience investing in industrial manufacturing companies and a record of successfully partnering with family-owned businesses,” said Mitch Grindley, President & CEO. “We see opportunity to continue to grow our business and increase market share with Charlesbank as our new partner and are pleased to have raised the capital to help Plaskolite execute its ambitious growth strategy.”

Charlesbank Capital Partners invests in management-led buyouts and growth capital financings, typically investing from $50 million to $150 million per transaction in companies with enterprise values of $100 million to $1.5 billion. The firm has offices in Boston and New York (

William Blair ( was the financial advisor to Plaskolite. KeyBank ( was the financial advisor to Charlesbank and Goodwin Procter ( provided legal services.

© 2015 PEPD • Private Equity’s Leading News Magazine • 11-6-15

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