Custom extruder Pexco buys Spectrum Plastics Group

Pexco LLC, a specialty extruder based in Atlanta, is entering the injection molding business with the acquisition of the Minnesota-based operation of Spectrum Plastics, Inc.

Spectrum Minnesota (Spectrum) is a precision injection molder of advanced thermoplastics selling primarily into the medical and surgical, defense, and aerospace fields. The move formally represents a first step for Pexco outside its traditional profile extrusion processing technology.

Neil Shillingford, Pexco CEO, said: "For many years Pexco has long defined itself as a custom profile extruder, selling into a variety of applications and markets. But truly, from the broader perspective, which would include our downstream processing capabilities, our business has been specialty plastics conversion, fulfilling the needs of industry for value-added plastic components and products. So the addition of Spectrum fits our overall business paradigm quite well - strong niche market positions, great product manufacturing, complex engineering, and precision plastics conversion."...

Read more