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LCI Industries completes acquisition of Polyplastic Group

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LCI Industries completes acquisition of Polyplastic Group

Automotive-parts maker LCI Industries said Jan. 7 that its subsidiary LCI Industries BV has completed its acquisition of Dutch window supplier Polyplastic Group BV.

Financial terms of the transaction were not disclosed.

Rotterdam, Netherlands-based Polyplastic supplies windows to the caravaning industry and attributes a portion of its sales to the European supermarket, trailer and e-mobility industries. The company generated approximately €55 million in revenue in the 12 months through September 2019, according to the release.

LCI Industries funded the transaction through borrowings under its revolving credit facility.