Pexco, which is backed by AEA Investors, has acquired Massachusetts-based Custom Extrusion Inc, a profile extruder. No financial terms were disclosed.
ALPHARETTA, Ga.–(BUSINESS WIRE)–Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Custom Extrusion, Inc., a profile extruder with 60 years of history and facilities in Sheffield, Massachusetts, and Asheboro, North Carolina.
Custom Extrusion, Inc. was founded in Massachusetts in 1957 and experienced some of its earliest success in the engineering and development of lighting profiles. In 1993, the company expanded to North Carolina to meet the growing needs of its customer base. Since that time, the company has expanded into a variety of specialty industrial market segments. Today, Custom Extrusion, Inc., with its two facilities, specializes in a wide range of engineering materials.
Pexco CEO Sam Patel remarked, “We are delighted to welcome Custom Extrusion, Inc. to the Pexco family. CEI brings a wealth of expertise in Lighting and Custom Industrial extrusions. They are known for their excellent service and their strong history as a leading solutions provider that fits perfectly with the Pexco culture.”
Richard L. Stover, President of Custom Extrusion, Inc., remarked “We are very excited to merge our operations with Pexco. Their reputation as an integrator of choice within the plastics extrusion industry made the decision to partner with them a logical choice for strategic future growth.”
Since 2009, Pexco has executed on multiple acquisitions as it has grown into the largest custom industrial extrusion company in North America.
Pexco was acquired earlier this year by AEA Investors, the global private equity group. The purchase of Custom Extrusion, Inc. represents Pexco’s first acquisition under its new ownership. Patel went on to share the following: “We look forward to the continued pursuit of acquisitions that fit our core objectives, enabling us to enhance our suite of capabilities and expand our geographic footprint as the largest custom extruder in North America.”
About Pexco LLC
Based in Atlanta with multiple plants across the United States and Mexico, Pexco is a North American leader in the design and fabrication of custom extruded plastics products. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, lighting, traffic safety, fence and filtration industries. Pexco offers a full range of custom design, engineering and fabrication services. Pexco meets the requirements of ISO 9001:2015 and holds ISO 14001 registration for all of its manufacturing operations. For more information, visit www.pexco.com or contact 404-564-8560.
About Custom Extrusion, Inc.
Custom Extrusion, Inc. is a well-established profile extruder with over six decades of manufacturing experience. With locations in Sheffield, Massachusetts, and Asheboro, North Carolina, Custom Extrusion, Inc. has extensive thermoplastic resin expertise and provides custom components to a variety of specialty industrial market segments, including lighting and construction. Today, Custom Extrusion, Inc. serves customers in thirty states and four countries.
About AEA Investors LP
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA’s active individual investors (the “Participants”) include an extraordinary network of more than 75 of the world’s leading industrial families, business executives and former government leaders. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10.0 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments.
Take your pick!
- Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
- VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.