Plaskolite Inc. is making mirrors a larger part of its offerings with the acquisition of Bunker Plastics Inc., based in Carrollton, Texas.
``We started acquiring mirror companies in 1993. We started as a small player, but we've been climbing so that we are now the largest in North America, if not in the world,'' said Mitch Grindley, executive vice president for Columbus, Ohio-based Plaskolite.
The deal was scheduled to close June 30 and will mark the sixth mirror company purchase for Plaskolite, Grindley said. He said mirrors remain only about 10 percent of Plaskolite's business. Terms were undisclosed.
``This strengthens our product offerings to our distributors,'' he noted, pointing out that Plaskolite sells worldwide through a network of distributors.
Bunker Plastics manufactures acrylic and polycarbonate mirrors, security and transportation mirrors and coated-sheet products. It also does custom fabrication and thermoforming.
Grindley said Plaskolite plans to move some of Bunker's flat- mirror production to Columbus but that it will continue operations in Bunker's Grand Saline, Texas, facility as well. He added that Bunker owner John Parkinson will stay on as a consultant.
Grindley said Bunker's portfolio includes materials that Plaskolite has not offered in the past. It includes security mirrors, coated sheet and substrate metalizing.
He added that Bunker has about 70 employees.
Plaskolite is known for its trademarked Optix acrylic sheet. It also makes such products as acrylic mirror sheet, glycol-modified PET and PC mirrors, lighting panels and polystyrene sheet.