Medical Plastics Solutions
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Spectrum Continues to Invest in Micromolding
Spectrum Plastics Group has developed and expanded micromolding as part of its comprehensive plastic manufacturing technologies. Spectrum micromolds implantable PEEK, PLA-derivative bioresorbable, and other advanced engineering material thermoplastics, into parts a fraction of a single gram or even a pellet in size.
AEA Investors Invests in Spectrum Plastics Group
Global Private Equity Firm to Support Growth and Expansion of Benchmark Medical Plastics Manufacturing and Extrusion Leader
ALPHARETTA, GA (February 1, 2018) – Spectrum Plastics Group today announced that AEA Investors has invested in the company. Formerly owned by Kohlberg & Company LLC and created following the 2017 merger of Pexco LLC, Kelpac Medical, and PPC Industries, Spectrum Plastics Group is a global specialty plastics manufacturer across medical, industrial, food, and defense markets. Notably, Spectrum is a market leading medical extruder with complementary injection molding, silicone, and assembly capabilities. The company operates over 15 plants across five countries and three continents, comprising approximately 2,000 employees.
AEA Investors, founded in 1968, is one of the pioneers in the private equity industry and today a leading global private equity firm. AEA manages funds that have approximately $10 billion of invested and committed capital. Financial terms of the acquisition were not disclosed.
Neil Shillingford, Spectrum Plastics CEO, remarks, "AEA Investors is a global investor with a strong track record of supporting companies such as Spectrum Plastics Group and taking them to the next level. We are elated to be a part of this team while we evolve our business in specialty and medical plastic manufacturing on behalf of our customers and employees.”
About Spectrum Plastics Group
Based in Alpharetta, Georgia with multiple plants across the United States, Mexico, Costa Rica, Ireland, and Malaysia, Spectrum Plastics Group is a North American leader in the design and fabrication of custom and specialty plastics products focusing on niche, high value-added end markets, including medical, food, and industrial applications. Spectrum offers a full range of custom design, engineering and fabrication services, as well as meet the requirements of ISO 9001, ISO 13485, and operates multiple Class 7 & Class 8 clean rooms. For more information, visit www.spgindustries.com , www.spectrumplastics.com or contact 404-564-8560.
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.