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Charlesbank Makes Investment in Plaskolite

Tuesday, November 17, 2015

Plaskolite, Inc. has been acquired by Charlesbank Capital Partners LLC

William Blair acted as the exclusive financial advisor to Plaskolite, Inc. in connection with receiving a controlling investment from Charlesbank Capital Partners. The transaction closed on November 3, 2015.

Transaction Highlights

  • Deep sector knowledge: Plaskolite valued William Blair's extensive knowledge and experience in the specialty materials sector, and the firm's strong, global relationships with key strategic and financial acquirers focused on this sector. William Blair's ability to position the business as one with unique scale and manufacturing capabilities, deep customer relationships, and clear new market opportunities was vital to driving premium terms and value.
  • Trusted guidance: William Blair's deal team worked in close collaboration with management and was integrally involved in each step of the transaction process, including developing compelling marketing materials and identification and communication with buyers based on deep, established relationships. Based on a ten year relationship with the founding family and management, William Blair was able to negotiate key contract terms that benefitted all stakeholders.
  • Process and execution excellence: William Blair's transaction team marketed Plaskolite to a broad group of potential acquirers, producing a strong competitive dynamic. Tightly coordinated execution allowed motivated parties to move at an accelerated pace, resulting in numerous competitive, fully diligenced, and financed revised indications. The transaction was negotiated and signed 39 days after the last management presentation.

About the Companies

Plaskolite is one of North America's largest manufacturers of rigid plastic sheet, with the No. 1 market position in most of its core product categories. The company manufactures and sells a broad range of ABS, acrylic, polycarbonate, PETG, and polystyrene sheets, and related sheet coatings and specialty polymers. Plaskolite has world-class, highly automated manufacturing capabilities that enable nimble and safe, run-to-size production.

Charlesbank Capital Partners is a private equity firm focused on a broad array of industries, including media and communications, financial services, manufacturing, distribution, energy, healthcare products and services, and consumer products. The firm seeks to partner with world-class operators and managers with the skills and personal commitment to make enterprises succeed.