Odyssey to sell Pexco to Kohlberg

Kohlberg & Company LLC has agreed to acquire Pexco, a North American specialty plastics manufacturer. The seller is Odyssey Investment Partners LLC. No financial terms were disclosed. When the deal closes, Pexco will merge with Kolhberg portfolio company PPC Industries, which also comprises Kelpac Medical. Latham & Watkins advised Pexco and Odyssey on the transaction.


Kohlberg & Company, L.L.C. (“Kohlberg”), a leading private equity firm specializing in middle-market investing, has announced the intent to acquire Pexco LLC (“Pexco”), a leading North American specialty plastics manufacturer, from Odyssey Investment Partners, LLC. Pexco is to merge with PPC Industries, Inc. (“PPC”), a Kohlberg portfolio business which also comprises Kelpac Medical, as detailed in the press release below.

Latham & Watkins LLP represents Pexco and Odyssey Investment Partners in the transaction with a corporate deal team led by New York partners John Giouroukakis and Stephen Amdur, with associates Javier Stark in New York, Daniel Rawner in Boston and Alyssa Galinsky in New York. Advice was also provided on tax matters by New York partner Jocelyn Noll; on finance matters by New York partner Joshua Tinkelman; and on benefits and compensation matters by New York partner Bradd Williamson.