Pexco LLC, which is backed by AEA Investors, has acquired Woburn, Massachusetts-based Insultab Inc, a maker of heat shrinkable and non-shrink tubing products. 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 Insultab, Inc., a manufacturer of heat shrinkable and non-shrink tubing products based in Woburn, Massachusetts.
Insultab’s operations commenced in 1953 with hot stamping identification of heat shrinkable markers for harness assemblies. By 1964, full scale manufacturing was underway as Insultab began extruding tubing and expanding heat shrinkable tubing products. After acquisition by Alpha Wire Corporation in the mid-1990s, Insultab began operating as an independent company in 1997.
Pexco CEO Sam Patel remarks, “Insultab, Inc. is a tremendous addition to our organization. Their wealth of expertise in the realm of heat shrinkable tubing capabilities represents a new direction for Pexco, deepening our ability to offer advanced solutions to customers in new markets. Insultab is known throughout the industry for their outstanding service, superior products, and strong commitment to quality and consistency, making them an excellent fit for our growing business. Pexco will continue to build on Insultab’s exceptional reputation with a broader slate of products to better serve their customers.”
At Insultab’s 50,000 square foot facility in Woburn, its operations include multiple extrusion lines and custom-designed expanders, along with a variety of downstream value-added services.
The purchase of Insultab, Inc. represents Pexco’s second acquisition under its new ownership, having acquired Custom Extrusion, Inc. in August 2018. Pexco was acquired earlier this year by AEA Investors, the global private equity group. Patel went on to share: “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 Insultab, Inc.
Insultab, Inc. is a well-recognized leader in the production of heat shrinkable, non-shrinkable, and custom designed tubing products. Based in Woburn, Massachusetts, Insultab, Inc. has over fifty years of manufacturing experience in providing flexible tubing products, including the Insultab and VinylGuard brands, to a wide variety of industrial and commercial market segments, including but not limited to electrical, mechanical, structural, recreational, and automotive. Today, Insultab, Inc. serves more than 1000 customers around the world.
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.