Filtrona Extrusion renamed Pexco

ATLANTA (Nov. 2, 11:40 p.m. ET) -- Seven months after being acquiring by a private equity firm, Atlanta-based Filtrona Extrusion has been renamed Pexco.

Briarcliff Manor, N.Y.-based private equity firm Saw Mill Capital Partners LP bought the diversified extruder from Milton Keynes, England-based global specialty plastics and fiber supplier Filtrona plc for $115 million in March.

On Nov. 2, the company announced the new corporate identity. Management of the company, which operates seven manufacturing facilities in the U.S. and Mexico, remains unchanged.

Pexco has been the brand name of the company's medical tubing products. The company chose the new name "to emphasize a unified approach across multiple markets and production sites," it said in a news release. Other brands that are now part of Pexco include Davidson Traffic Control Products, PDS Fence and A&B Plastics.

CEO Neil Shillingford said he is optimistic about the company's prospects.

"We have worked hard through the downturn to protect our resources -- both equipment and people -- and now we are ideally placed to grow as the market begins to pick up," he said in the release. "We see our growth coming from continued commitment to our existing markets, also a renewed focus on product development and strategic acquisitions."

Pexco operates 126 extruders, 51 co-extruders and six sheet lines in 750,000 square feet of production space. It ships more than 70 million pounds of extruded plastic product annually.

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