Pexco LLC Acquires Precision Extrusion, Inc. of Glens Falls, New York
ALPHARETTA (December 8, 2015) -- Pexco LLC, a leading North American specialty plastics manufacturer across Medical, Defense, and Industrial markets, has acquired Precision Extrusion, Inc. of Glens Falls, New York. Precision Extrusion, Inc. is a dual-certified ISO 9001 and ISO 13485 manufacturer of advanced medical tubing and catheter solutions.
Neil Shillingford, Pexco CEO, remarks, "The acquisition represents yet another step begun in 2012 in the direction of full plastics solutions for our customers in our core markets, with medical certainly a priority. Precision Extrusion provides engineered solutions to its customers in the medical industry and deepens Pexco’s ability to offer advanced tubing extrusion solutions to all our strategic customers. Its commitment to quality and efficient manufacturing makes it an ideal fit for our business and our core values.”
Precision Extrusion was founded by Mike Badera in 1991. The company offers a variety of advanced extrusion technologies and products, ranging from single lumen, multilumen, and co-extrusion tubing to acetal mandrel solid rods and wire-reinforced products. It primarily processes engineering, high-performance medical plastics materials at tight tolerance, including nylon and nylon co-polymers, polyurethane, PEEK, polyetherimide, FEP, and polycarbonate. The company also sells angiographic and guide catheter solutions in standard French sizes. Mr. Badera will join Pexco and remain with the business in his current capacity as President / General Manager and will also help direct Pexco’s medical extrusion technology and innovation.
The acquisition represents Pexco’s second in the medical plastics field since Odyssey Investment Partners acquired the specialty plastics business in 2012. Pexco acquired the innovative Spectrum Plastics of Minneapolis, Minnesota in 2013, providing it a base in injection- and micromolding solutions for surgical device products and surgical implantables, including bioresorbable materials.
Mr. Badera comments on the acquisition, “This is a great step for Precision Extrusion and we are excited to be a part of the Pexco team. Pexco’s scale, resources, and diverse technical capabilities offer our business the opportunity to fulfill its objectives and long-term goals of providing more high quality services to our customers by working together with a great partner.”
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.