MARKET LEADING PROFILE EXTRUDER EXPANDS PORTFOLIO THROUGH ACQUISITION OF AMERICAN EXTRUDED PLASTICS, INC. AND AMERICAN INJECTION MOLDING, INC.
ALPHARETTA, GA (August 1, 2019) – Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of American Extruded Plastics, Inc. (AEP) and American Injection Molding, Inc. (AIM). AEP and AIM operate out of the same facility in Greensboro, NC, and have been leaders in plastic extrusion and injection molding for over 35 and 25 years, respectively.
In 1984, AEP began operations based on founder Marshall Eakes’ dream of raising plastics extrusion from an art to a science. In 1993, AEP expanded into the area of injection molding to widen the spectrum of enhanced capabilities available to customers under one roof. Today, AEP-AIM provides products to a diverse group of end markets, including life sciences and diagnostics, telecommunications, agriculture, automotive, construction, consumer goods and packaging.
Pexco CEO Sam Patel stated, “We are extremely pleased to welcome AEP-AIM to the Pexco family. 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.”
Owner Marshall Eakes remarked, “Pexco’s reputation, scale, and well-established history in custom extrusion creates an excellent partnership for our organization and for our customers, providing an outstanding platform for strategic future growth.”
Since 2009, Pexco has executed on multiple acquisitions as it has grown into the largest custom industrial extrusion company in North America.
Pexco was acquired in 2018 by AEA Investors, the global private equity group. The purchase of AEP-AIM represents Pexco’s fourth acquisition under its new ownership. Patel went on to comment, “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.”
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, filtration and electrical insulation industries. Pexco offers a full range of custom design, engineering and fabrication services. Pexco meets the requirements of ISO 9001:2015 registration for all of its manufacturing operations. For more information, visit www.pexco.com or contact 404-564-8560.
About American Extruded Plastics, Inc. and American Injection Molding, Inc.
American Extruded Plastics, Inc. (AEP) and American Injection Molding, Inc. (AIM) are well established manufacturers of custom tube, pipe and profile extrusions and injection molded products. Located in Greensboro, North Carolina, AEP-AIM offers a wide array of manufacturing and value-added secondary services to customers in multiple markets, including life sciences and diagnostics, telecommunications, agriculture, automotive, construction, consumer goods and packaging. AEP-AIM’s operations meet the requirements of ISO 9001:2015.
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.
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