Plaskolite Names Michael Gilbert President and CEO
Plaskolite, LLC ("Plaskolite"), a global manufacturer of engineering thermoplastics, today announced that Michael Gilbert, an accomplished industry leader and operational executive, has been named President and CEO, effective April 1, 2024. Mr. Gilbert brings to Plaskolite more than 35 years of experience and a proven track record of success leading growth-oriented companies in the plastics and advanced materials industry.
"We are pleased to welcome Michael to the Plaskolite family as our next President and Chief Executive Officer," said Plaskolite interim presidents John Szlag, CCO and Peter Lynch, CFO. "Michael is joining our team at an exciting moment. Plaskolite has built a strong foundation, with a growing global footprint and significant value creation opportunities ahead. With Michael's deep plastics industry experience and operational expertise, he is well-equipped to lead our next chapter of growth, innovation and service excellence."
Mr. Gilbert previously served as CEO of Aristech Surfaces, where he helped lead the company through its sale to Trinseo, and as Vice President and General Manager of the Engineering Thermoplastics Business Unit at SABIC Petrochemicals, Inc. Mr. Gilbert has held various other leadership positions at LyondellBasell, Ashland, General Electric and, most recently, SK Capital, where he served as Managing Director, Head of Portfolio Operations. Mr. Gilbert has also served on the Boards of the Plastics Industry Association and the American Chemistry Council's Plastics Division.
"I am honored to join the incredibly talented Plaskolite team," said Mr. Gilbert. "I have spent my career in the plastics industry and understand better than most just how special Plaskolite's brand, culture and products are. It is a privilege to lead this company and I'm excited to work with the Plaskolite team as we grow internationally, across industries and into new markets."
"Michael is an ideal choice to lead Plaskolite as it continues to grow, add new capabilities and expand its footprint globally," said Dwight Gibson, Operating Partner ? Manufactured Products at Pritzker Private Capital, which partnered with Plaskolite in 2018. "Michael's leadership experience, deep industry knowledge and clear vision for Plaskolite's future make him uniquely qualified to lead the company into the next phase of its growth. We are thrilled to add Michael to the Plaskolite family."
About Plaskolite, LLC
Founded in 1950 in Columbus, Ohio, by Donald G. Dunn and family, Plaskolite, LLC is a global leader in the manufacturing of engineering thermoplastics, including Acrylic, Polycarbonate, ABS, PVC, HDPE and PETG Sheet, Extruded Profiles and PMMA Polymers. Plaskolite is owned by Pritzker Private Capital along with the Dunn family, management and other co-investors. Plaskolite's customized products are used in a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays, transportation, security and bath products. Plaskolite serves a diverse customer base including distributors, OEMs and retailers. For more information, please visit plaskolite.com.
About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm's differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.
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