M&A Deal Summary

Sirius Plastik Acquires Castplas

On December 23, 2021, Sirius Plastik acquired plastics company Castplas from Plaskolite

Acquisition Highlights
  • This is Sirius Plastik’s 1st transaction in the Plastics sector.
  • This is Sirius Plastik’s 1st transaction in Turkey.

M&A Deal Summary
Date 2021-12-23
Target Castplas
Sector Plastics
Buyer(s) Sirius Plastik
Sellers(s) Plaskolite
Deal Type Divestiture

Target

Castplas

Malatya, Turkey
website
PIA Akrilik is a manufacturer of cast acrylic sheets. PIA Akrilik sells its products under the Castplas brand. It manufactures cast acrylic sheets for a variety of end markets and uses, including advertising, indoor & outdoor decoration, bathtubs, sound barriers, TV screen protectors, airplane and helicopter windows, aquariums, lighting, and display stands. PIA Akrilik was founded in 2013 and is based in Malatya, Turkey.

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Buyer(S) 1

Buyer

Sirius Plastik

Turkey
Category Company
Founded 2013
Sector Business Services
DESCRIPTION

Sirius Plastik is a special purpose vehicle.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
Country (Turkey) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Plaskolite

Columbus, Ohio, United States

website

Category Company
Founded 1950
Sector Plastics
Employees635
DESCRIPTION

Plaskolite is a provider of transparent thermoplastic sheet products. Plaskolite’s customized products are used in a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays and bath products. Plaskolite serves a diverse customer base including distributors, OEMs, and retailers. Plaskolite was established in 1950 and is based in Columbus, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
Country (Turkey) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-12 Bunker Plastics

Carrollton, Texas, United States

Bunker Plastics is a manufacturer of acrylic and polycarbonate mirror formed security and transportation mirror and coated sheet products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 MXL Industries

Lancaster, Pennsylvania, United States

MXL Industries manufactures specialty-crafted optical plastic parts for various military, motorsport, life safety, medical, aviation, and marine applications. The company offers mold design and construction, injection molding, coating, routing, and assembly capabilities. Using innovations in clear and tint polycarbonate, MXL’s products are designed to perform in a wide variety of environments and light conditions. It has specialized in manufacturing high-quality parts with stringent optical performance requirements for nearly 50 years, allowing the company to provide longstanding customers with comprehensive and customized end-to-end solutions. MXL Industries is based in Lancaster, Pennsylvania.

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Mergr

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