Pexco Expands Operations to Sheffield, Massachusetts, and Asheboro, North Carolina
16 August 2018
Pexco LLC, a leading North American specialty plastics extruder, expanded its portfolio with the acquisition of Custom Extrusion, Inc., a profile extruder with facilities in Massachusetts and North Carolina.
According to Pexco officials, Custom Extrusion, Inc. was founded in Massachusetts in 1957 and experienced some of its earliest success in the engineering and development of lighting profiles. In 1993, the company expanded to North Carolina to meet the growing needs of its customer base. Since that time, the company has expanded into a variety of specialty industrial market segments. Today, Custom Extrusion, Inc., with its two facilities, specializes in a wide range of engineering materials.
Pexco CEO Sam Patel remarked, “We are delighted to welcome Custom Extrusion, Inc. to the Pexco family. CEI brings a wealth of expertise in Lighting and Custom Industrial extrusions. They are known for their excellent service and their strong history as a leading solutions provider that fits perfectly with the Pexco culture.”
Richard L. Stover, President of Custom Extrusion, Inc., said, “We are very excited to merge our operations with Pexco. Their reputation as an integrator of choice within the plastics extrusion industry made the decision to partner with them a logical choice for strategic future growth.”
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 earlier this year by AEA Investors, the global private equity group. The purchase of Custom Extrusion, Inc. represents Pexco’s first acquisition under its new ownership. Patel said, “We look forward to the continued pursuit of acquisitions that fit our core objectives, enabling us to enhance our suite of capabilities and expand our geographic footprint as the largest custom extruder in North America.”