JOHNS CREEK, Ga.--(BUSINESS WIRE)--Aug 12, 2019--
Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of HPE Extrusion Solutions (HPE), based in Bally, Pennsylvania.
Founded in 1972 as Hunsinger Plastic Extrusions, HPE began as a niche custom manufacturer of extruded plastic profile products. In the ensuing decades, HPE gained vast experience in the extrusion of increasingly complex profiles of all shapes and sizes using an impressive variety of both advanced and traditional resins. Known for their reputation in delivering uncompromising quality and service, HPE has a long history of manufacturing exceptional parts for a wide array of customers, including many Fortune 500 firms. HPE solutions benefit multiple industrial markets, including HVAC, automotive, and utility clients.
Pexco CEO Sam Patel stated, “We are delighted to welcome HPE and their nearly five decades of extrusion excellence to the Pexco organization. HPE’s competencies blend very well with Pexco’s long-term strategy to continually enhance our capabilities as a premier custom extruder through ongoing product and process innovation, enabling us to deliver even greater value to our customers.”
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 HPE represents Pexco’s fifth acquisition under its new ownership. Patel stated that “We remain committed to the ongoing pursuit of acquisitions that fit our core objectives and expand our suite of capabilities as the largest custom plastics solutions provider in North America.”
In addition to this week’s acquisition news, Pexco recently relocated their corporate headquarters office from Alpharetta to the rapidly growing Johns Creek area of Georgia, north of Metro Atlanta.
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 and injection molded 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 or contact 770-777-8540.
HPE Extrusion Solutions (HPE) is a well-established manufacturer of custom profile, tube, and rod extrusions based in Bally, Pennsylvania. Known for their reputation in delivering uncompromising quality and service, HPE has a long history of manufacturing exceptional parts for a wide array of customers, including many Fortune 500 firms. HPE solutions benefit multiple industrial markets, including HVAC, automotive, and utility clients.
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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CONTACT: Scott Mattice
Business Development/M&A Manager
KEYWORD: PENNSYLVANIA GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Pexco LLC
Copyright Business Wire 2019.
PUB: 08/12/2019 05:12 PM/DISC: 08/12/2019 05:12 PM