Atlanta-area specialty plastics processor Pexco LLC has acquired medical processor Precision Extrusion Inc., the companies announced Dec. 9.
Precision, based in Glens Falls, N.Y. was founded in 1991 and specializes in medical tubing and catheters. It works with nylon and nylon copolymers, polyurethane, polyetherimide, fluorinated ethylene propylene, polycarbonate and PEEK.
Precision founder Mike Badera is expected to make the move to Pexco and remain in his current role of president and general manager as well as help develop Pexco's medical extrusion business.
“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,” Badera said in a joint news release.
Alpharetta, Ga.-based Pexco has been in expansion mode since being purchased by Odyssey Investment Partners LLC of New York in August 2012. Pexco acquired Spectrum Plastics of Minneapolis in 2013, providing the extruder an entre into injection and micromolding as well as breaking into new parts of the medical market with Spectrum's existing surgical device, implantables and bioresorbable materials work.
In 2014, Pexco added 31,500 square feet of production and warehousing space to an existing 17,000-square-foot medical molding facility in Mexicali, Mexico, including 7,600 square feet of clean room space.
“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,” said Pexco Neil Shillingford in a release. “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.”
Pexco's origins go back to the 1970s as American Filtrona Corp. It took the name Pexco in 2009.