Pexco, which is backed by AEA Investors, has acquired Greensboro, North Carolina-based Exlon Extrusion, a precision extruder of plastic tubing. No financial terms were disclosed.
JOHNS CREEK, Ga.–(BUSINESS WIRE)–Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Exlon Extrusion, Inc. Based in Greensboro, NC, Exlon is a precision extruder of plastic tubing founded in 1984 by Dennis Swink. The company specializes in high-performance polymer (“HPP”) products and offers custom and proprietary lines of nylon, polyurethane, polypropylene and polyethylene pneumatic tubing and recoil hose products, all in a variety of colors and sizes, as well as custom extrusion solutions.
Pexco CEO Sam Patel stated, “The acquisition of Exlon further expands our capabilities and technical expertise in the world of high-performance polymers. The addition of Exlon’s personnel, equipment and relationships will provide valuable resources as we continue to demonstrate our proficiency with products that require higher-grade raw materials for niche applications.”
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 in 2018 by AEA Investors, the global private equity group. The purchase of Exlon Extrusion, Inc. represents Pexco’s seventh acquisition under its new ownership. Patel stated that “We remain committed to pursuing investments that broaden our capabilities and enable us to offer a comprehensive suite of products for a wide variety of end market applications.”
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 and injection molded 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, filtration and electrical insulation industries. Pexco offers a full range of custom design, engineering and fabrication services. Pexco meets the requirements of ISO 9001:2015 registration for all of its manufacturing operations. For more information, visit www.pexco.com or contact 770-777-8540.
About Exlon Extrusion, Inc.
Exlon is a precision extruder of plastic tubing founded in 1984 by Dennis Swink. Based in Greensboro, NC, Exlon is known for specializing in high-performance polymer (“HPP”) products. The company offers custom and proprietary lines of nylon, polyurethane, polypropylene and polyethylene pneumatic tubing and recoil hose products, all in a variety of colors and sizes, as well as custom extrusion solutions. Exlon’s customers have a need for high quality tubing, piping and rods utilizing multiple different thermoplastic resins for special applications within telecommunications, pneumatics, textiles and automotive industries among others.
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.