Pexco LLC continues to advance its growth plan through the acquisition of Exlon Extrusion, Inc.
Pexco LLC acquires Exlon Extrusion, Inc. (Photo: Business Wire)
Pexco LLC acquires Exlon Extrusion, Inc. (Photo: Business Wire)
Johns Creek, Georgia--(BUSINESS WIRE)--Pexco LLC, a leading specialty plastic extruder in North America, is pleased to announce the acquisition of Exlon Extrusion, Inc. Exlon Exlon is a precision plastic pipe extruder located in Greensboro, North Carolina, founded by Dennis Swink in 1984. The company focuses on high performance polymer ("HPP") products, and provides customized and proprietary production lines for nylon, polyurethane, polypropylene and polyethylene pneumatic hoses and recoil hose products in various colors and sizes, as well as customized Extrusion solutions.
Pexco CEO Sam Patel said: "The acquisition of Exlon further expands our capabilities and technical expertise in the field of high-performance polymers. The addition of Exlon’s personnel, equipment and relationships will provide valuable resources as we will continue to demonstrate our need The proficiency of higher grade raw materials used in products for niche applications."
Since 2009, Pexco has executed multiple acquisitions as it has grown into the largest custom industrial extrusion company in North America.
Pexco was acquired by global private equity group AEA Investors in 2018. The acquisition of Exlon Extrusion, Inc. is Pexco's seventh acquisition under its new ownership. Patel said: "We remain committed to investing to expand our capabilities and enable us to provide a comprehensive product suite for various end-market applications."
Pexco is headquartered in Atlanta, with multiple factories in the United States and Mexico, and is a leader in the design and manufacture of custom extruded and injection molded plastic products in North America. It provides manufacturers and end users with standard and special parts for a wide range of custom applications, including special industries, lighting, traffic safety, fencing, filtration and electrical insulation industries. Pexco provides a full range of custom design, engineering and manufacturing services. All of Pexco's manufacturing operations comply with ISO 9001:2015 registration requirements. For more information, please visit www.pexco.com or contact 770-777-8540.
Exlon is a precision extruder for plastic pipes founded by Dennis Swink in 1984. Headquartered in Greensboro, North Carolina, Exlon is known for its focus on high performance polymer ("HPP") products. The company provides customized and proprietary production lines for nylon, polyurethane, polypropylene and polyethylene pneumatic tubing and recoil hose products. All products are available in various colors and sizes, as well as customized extrusion solutions. Exlon's customers need to use a variety of high-quality pipes, pipes and rods of different thermoplastic resins for special applications in the telecommunications, pneumatics, textile and automotive industries.
AEA Investors LP was established in 1968 by the Rockefeller, Mellon and Harriman family interest groups and SG Warburg & Co. to provide private investment tools for selected industrial family office groups with large assets. AEA's active individual investors ("participants") include an extraordinary network of more than 75 world-leading industrial families, corporate executives and former government leaders. Today, AEA has approximately 70 investment professionals operating globally, with offices in New York, Connecticut, London, Munich and Shanghai. The fund managed by the company has approximately US$10 billion in investment and committed capital, including leveraged buyouts of middle market companies and small business companies, as well as mezzanine and senior debt investments.
www.pexco.com Scott Mattice Business Development/M&A Manager 770-777-8549
www.pexco.com Scott Mattice Business Development/M&A Manager 770-777-8549