Quick Take
LCI Industries' subsidiary LCI Industries B.V. (LCII) has announced the proposed acquisition of Polyplastic Group B.V. for an undisclosed amount.
Polyplastic has developed an acrylic window and door products business for the European region.
LCII is acquiring Polyplastic as part of a continuing focus on expanding its geographic presence within Europe as well as extending its market reach there.
However, given LCII's richly valued stock price, I don't see the deal as a catalyst.
Target Company & Market
Rotterdam, Netherlands-based Polyplastic was founded to manufacture and distribute a variety of acrylic