Pexco LLC Acquires Mexican Custom Medical Extruder Multitube
ATLANTA (May 13, 2011) -- Pexco LLC, a leading North American extruder of custom thermoplastic applications, has acquired Multitube Medical Devices S.A. de C.V. of Mexicali, Baja California, Mexico. Multitube specializes in custom extrusions for the medical device, health and safety, and consumer product markets. It primarily serves OEMs in the greater Mexicali and Tijuana region of northwest Mexico.
"This acquisition fulfills both strategic and geographic purposes for our organization," comments Pexco CEO Neil Shillingford. "The Multitube operation is a first-rate facility with clean room manufacturing. This acquisition positions Pexco to grow our medical and custom business. The facility's location near Tijuana gives us a presence in this vital manufacturing region that will benefit customers in Mexico and adjacent parts of the United States."
The new Pexco facility totals 17,500 square feet and includes a Class 100,000 medical clean room. The plant employs approximately 40 people operating 10 production lines. According to Richard Brooks, Vice President of Sales and Marketing, Medical, "We are especially excited about bringing our unique technical product offering, including multilumen tubing, para-tubing, co-extrusions, multi-layered, wire-encapsulated tubing, and our new microbore capabilities, to the Baja area market."
Multitube Plant Manager Enrique Preciado remarks, "We are looking forward to working with Pexco and the opportunities a much larger operation brings to our market here in this part of Mexico.”
Founded in 2002, the privately owned Multitube has been dedicated to serving many of the major medical device manufacturing companies in its vicinity. The operation has also developed a variety of consumer, industrial, and safety product applications for the broader maquiladora manufacturing base in the area.
Pexco first expanded into Mexico in 2000 with its operation in Monterrey, Nuevo Leon. This facility manufactures extruded products for several of its core specialty segments, including lighting and medical. Pexco maintains that it is actively seeking to grow its business both organically and via acquisition, in current market applications and the larger custom profile and tube extrusion landscape, as well as to new geographies. "We have an active pipeline and intend to remain focused throughout the year on opportunities of strategic interest to our organization," added Shillingford.
Part of Saw Mill Capital LLC and based in Atlanta with eight plants in 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 aerospace, retail, traffic safety, medical, lighting and fence industries. Pexco offers a full range of custom design, engineering and fabrication services. Pexco meets the requirements of ISO 9001:2000, holds ISO 14001 registration for all of its manufacturing operations and operates now three Class 100,000 clean rooms. For more information, visit www.pexco.com.