JOHNS CREEK, Ga.--(BUSINESS WIRE)--Jun 5, 2024--
Pexco LLC, a leading North American specialty plastics processor, is pleased to announce the acquisition of the Wallingford, CT facility of Clayens. The Wallingford site, known for its dedicated high-performance plastic CNC Machining, Milling, Multi-axis Turning, Swiss Machining, Annealing, Vapor Polishing, and Assembly, significantly enhances Pexco’s value added and manufacturing capabilities. The site is ISO 9001-2015 as well as ISO 13485-2016.
This acquisition will bolster Pexco’s services in key industries such as Aerospace & Defense, Electric & Infrastructure, Life Sciences, Industry & Equipment, and Semiconductor.
Pexco CEO Sam Patel stated, “We are thrilled to welcome the Wallingford team to the Pexco family. This acquisition aligns perfectly with Pexco’s strategic growth plan. The Wallingford facility’s advanced machining capabilities and its expertise in critical industries will enhance our ability to meet and even exceed customer requirements. We look forward to integrating the talents and capabilities of the Wallingford team into the Pexco team.”
Mike Kane, General Manager at Wallingford, added, “Joining Pexco presents an exciting opportunity for us to leverage Pexco’s scale, reputation, and engineering expertise. We are eager to contribute to Pexco’s broad array of services and solutions, and to expand the reach of our precision machining capabilities across more industries and geographies.”
The Wallingford facility was started in 1980 as Connecticut Plastics and was acquired in 2023 by Clayens, a company that was founded in Lyons, France in 1931. It now joins Pexco as part of Pexco's strategic expansion, marking the addition as Pexco's 13th location.
About Pexco LLC
Based in Atlanta, with multiple plants across North America, Pexco is a leader in the design and fabrication of engineered plastic components. It provides standard and specialty parts and components to manufacturers and end users for a broad range of custom applications, including the specialty industrial, fluid handling, aerospace, life science, traffic safety, lighting, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering, and fabrication services, with ISO 9001:2015 registration across its manufacturing operations. For more information, visit www.pexco.com or call (770) 872-8013.
About Odyssey Investment Partners
Odyssey Investment Partners, with offices in New York and Los Angeles, is a leading private equity investment firm with a more than 25-year history of partnering with skilled managers to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industries with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit www.odysseyinvestment.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20240604722168/en/
CONTACT: www.pexco.com
Jacob Haas
EVP Sales and Marketing
770-872-8013
KEYWORD: UNITED STATES NORTH AMERICA CANADA GEORGIA
INDUSTRY KEYWORD: TECHNOLOGY AUTOMOTIVE OTHER CONSTRUCTION & PROPERTY GENERAL AUTOMOTIVE MACHINERY OTHER MANUFACTURING CONSTRUCTION & PROPERTY SEMICONDUCTOR ENGINEERING CHEMICALS/PLASTICS TRANSPORT OTHER TECHNOLOGY OTHER DEFENSE AEROSPACE LOGISTICS/SUPPLY CHAIN MANAGEMENT MANUFACTURING DEFENSE
SOURCE: Pexco LLC
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PUB: 06/05/2024 10:00 AM/DISC: 06/05/2024 09:59 AM
http://www.businesswire.com/news/home/20240604722168/en
