Xaloy Buys Spirex Corp.

Xaloy, a New Castle, Penn.-based maker plastic processing wear components and ancillary equipment, has acquired Spirex Corp., a Youngstown, Ohio-based designer of plasticating unit products. No financial terms were disclosed. Xaloy is a portfolio company of Industrial Growth Partners.

PRESS RELEASE

Xaloy, the world’s leading provider of engineered, melt processing wear components and ancillary equipment to plastics processors and manufacturers of injection molding and extrusion equipment has announced the acquisition of Ohio based Spirex Corporation. The transaction was completed Friday, September 25, 2009.

Based in Youngstown, OH, Spirex has been a significant North American designer of plasticating unit products, including screws, barrels and front-end components for over 30 years.

Mr. Ron Auletta, President and CEO of Xaloy, stated, “Together our company now has over 110 years of innovative and engineered solutions in the global plastics industry. It is our intent to provide best in class products, services, and solutions to our customers by leveraging the combined company’s technical expertise, broad product offering, and unique customer focus culture.” Additionally, Mr. Auletta commented, “Our long term strategy is to balance our growth and breadth of product offering. This acquisition supports that strategy.”

Founded in 1929, with headquarters in New Castle, PA, Xaloy operates in twenty global Customer Care Centers with supporting manufacturing locations in the United States, Europe and Asia. Servicing both injection and extrusion markets, Xaloy’s product offerings include high performance screws, bi-metallic single and twin barrels, heat transfer rolls, melt pumps, screen changers, pelletizers, cleaning ovens, valves, end-caps, nozzles and tips.