AEA Continues Pexco Build

Pexco, a portfolio company of AEA Investors, has acquired sister companies American Extruded Plastics (AEP) and American Injection Molding (AIM).

AEP and AIM are manufacturers of custom tube, pipe and profile extrusions and injection molded products that are used in the life sciences, telecommunications, agriculture, automotive, construction, consumer goods and packaging sectors.

The two companies were founded by Marshall Eakes and operate out of a 35,000 sq. ft. facility in Greensboro, NC (www.aeplastics.com).

Pexco is a designer and fabricator of custom extruded plastics products. The company provides standard and specialty parts and components to manufacturers and end-users across a range of applications in the specialty industrial, lighting, traffic safety, fence, filtration and electrical insulation industries. Pexco, led by CEO Sam Patel, is headquartered in Atlanta with multiple plants across the United States and Mexico (www.pexco.com).

“We are extremely pleased to welcome AEP-AIM to the Pexco family,” said Mr. Patel. “They are well known for their dedication to quality and precision, making them an exceptional fit for our organization. The addition of molded plastics to our existing base of core competencies aligns well with our ongoing desire to broaden Pexco’s overall value proposition by providing integrated solutions to our customers.”

Pexco was acquired in January 2018 by AEA as part of the firm’s acquisition of Spectrum Plastics Group, a designer and fabricator of specialty plastics products, from Kohlberg & Company. The purchases of AEP and AIM are the third and fourth add-on acquisitions completed by AEA for Pexco.  The two earlier acquisitions were the buys of Sheffield, MA-based Custom Extrusion, a provider of plastic profile extrusions used in the lighting and construction markets, in August 2018; and Woburn, MA-based Insultab, a manufacturer of heat shrinkable and non-shrink tubing products, in December 2018.

“We are committed to the ongoing pursuit of acquisitions that fit our core objectives and enable us to enhance our suite of capabilities while expanding our geographic footprint as the largest custom plastics solutions provider in North America,” added Mr. Patel.

AEA makes equity and debt investments in middle-market companies that operate in the following sectors: retail and consumer products, services, specialty chemicals, and value-added industrial products. The firm manages approximately $10 billion of capital. AEA 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. The firm is headquartered in New York with additional offices in Connecticut, London, Munich and Shanghai (www.aeainvestors.com).

© 2019 Private Equity Professional | August 2, 2019

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