Pexco buys New Hampshire extruder Scandia Plastics

By Frank Esposito
Senior Staff Reporter

Published: July 29, 2013 3:50 pm ET
Updated: July 29, 2013 5:14 pm ET

Related to this story

Topics Mergers & Acquisitions, Extrusion, Pipe/Profile/Tubing

The up-and-down voyage of Pexco LLC continues, as the custom extruder has made another acquisition less than a year after selling off some of its assets and closing a plant.

This time, Atlanta-based Pexco has bought Scandia Plastics Inc. of Plaistow, N.H., for an undisclosed price. Scandia employs about 50 and operates 12 production lines at a 62,000-square-foot plant. The firm specializes in high-performance plastic extrusions and downstream value-added machining.

(Scandia is not connected to the blow molder of the same name based in Sheboygan, Wis. That firm was bought in October by Graham Partners Inc.)

Scandia “is a perfect fit for our business,” Pexco CEO Neil Shillingford said in a July 29 news release. He described Scandia as “a classic specialty extruder bringing value to its customers through high-performance extrusion processing and value-added finishing.”

Pexco is buying Scandia from Dave Hallett, who founded the firm in 1971. Hallett will remain with the business as president of site operations. Scandia sells its extrusions into several markets, including filtration, medical and defense. The firm can make tubing, profiles and shapes based on PVC, polycarbonate, polystyrene and other resins.

In late 2012, Pexco announced it was closing its plant in Columbia, S.C., and selling its extruded sheet-related assets to Plaskolite Inc. Extruded sheet had made up more than half of the Columbia plant’s volume. Pexco then transferred its extruded profile business from Columbia to plants in Philadelphia, Houston, Chicago and Monterrey, Mexico.

Prior to those moves, Pexco had been aggressively growing, buying four businesses in 2011 before being sold itself to private equity firm Odyssey Investment Partners LLC. Odyssey is based in New York and in Woodland Hills, Calif. Pexco previously had been owned by Saw Mill Capital LLC.

Pexco ranked as North America’s 19th-largest pipe, profile and tubing extruder in a recent Plastics News’ industry ranking. The firm’s annual sales are estimated at $200 million. Pexco now operates 10 production plants throughout North America.


Comments

Pexco buys New Hampshire extruder Scandia Plastics

By Frank Esposito
Senior Staff Reporter

Published: July 29, 2013 3:50 pm ET
Updated: July 29, 2013 5:14 pm ET

Post Your Comments


Back to story


More stories

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

Geist Plastics changes name to Lincoln Plastics

October 23, 2014 12:31 pm ET

Custom profile extruder Geist Plastics Inc. is changing its name to Lincoln Plastics, the company announced Oct. 23.    More

Image

Report: Private equity companies may seek to buy Bayer MaterialScience

October 23, 2014 10:56 am ET

A number of investment groups are reported to be interested buying Bayer AG's MaterialScience operation, valued at around 10 billion euros ($12.6 bill...    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events