Private equity firm Odyssey Investment Partners buys Pexco

By Frank Esposito
Senior Staff Reporter

Published: August 15, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Pipe/Profile/Tubing
Companies & Associations

ATLANTA (Aug. 15, 11:50 a.m. ET) — The purchaser has become the purchased, as custom extruder Pexco LLC has been sold to private equity firm Odyssey Investment Partners LLC for an undisclosed price.

Private equity firm Saw Mill Capital LLC of Briarcliff Manor, N.Y., had owned Atlanta-based Pexco. During 2011, Pexco grew by acquiring four other firms: Patrician Products Inc., Multitube Medical Devices SA de CV, AllWest Plastics Inc. and RDC Cytex Inc. All four of the firms were custom extruders, with AllWest and RDC Cytex specializing in profiles.

Pexco sells its custom extrusions into industrial, commercial and medical markets. The firm has annual sales of $200 million, ranking 16th in Plastics News’ most recent ranking of North American pipe, profile and tubing extruders. Pexco operates 10 production plants throughout North America.

In an Aug. 15 news release, Odyssey managing principal Craig Staub described Pexco as “an extremely well-positioned company within the custom segment of the extrusion sector.” He added that Pexco “operates in attractive end markets.”

Pexco management - including CEO Neil Shillingford - will remain with the firm after the sale to Odyssey.

“Our customers have come to depend on Pexco as a one-stop supplier of their customized plastic components,” Shillingford said in the release. “I am confident that with Odyssey’s support we will expand on these capabilities.”

Odyssey is a middle-market private equity firm with about $2.5 billion under management. The firm also has offices in Woodland Hills, Calif.


Comments

Private equity firm Odyssey Investment Partners buys Pexco

By Frank Esposito
Senior Staff Reporter

Published: August 15, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is the...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events