Q1 2012 Results Positive
ATLANTA (19 April 2012) -- Pexco LLC, a leader in custom plastics extrusion, reports positive growth thus far in 2012 with orders up across most markets, especially in many of its Industrial applications, which include Aerospace and Traffic Safety. Active on the acquisition front last year, having executed four transactions in nine months, Pexco also indicates that integration of the businesses has been proceeding to expectations.
Neil Shillingford, Pexco CEO, comments, "We had a busy year last year, and most important for us today is that we be able to sustain business operations while integrating and consolidating the four deals. We’ve set our sights on uniquely bringing together our now 10 facilities, building our team and taking to market the breadth and depth of our engineering talent, service, and expansive geographic footprint.”
Pexco reports that aggregate sales for the first quarter are up compared to the same period last year, its strongest quarter since 2008, with Industrial markets leading the way. Remarks Shillingford, “Pick an Industrial application for us and you’re likely to see growth. New products, investments during the downturn, and business development efforts the last few years have been impactful. The stability of the economy also seems to be helping, as was the nice winter weather. In certain segments, such as Aerospace, we’re seeing unique dynamism match our ability to deliver precision extrusions and fabricated components.” The company also notes that several markets in the wake of the recession seem more open to higher performing products than previously.
Pexco has also been hiring across its business platform in all areas to help sustain this growth and expansion, including a nationwide recruiting effort at more than 15 schools for skilled engineers. Looking forward, Pexco is concentrating on organic growth and new technologies, in addition to expansionary plans for overseas development. Pexco is primarily targeting northern Europe for select growth segments and has been actively investing to establish its brand internationally.
Part of Saw Mill Capital LLC and based in Atlanta with ten 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 9001:2008, holds ISO 14001 registration for its manufacturing operations and operates three Class 100,000 clean rooms.
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