Pexco LLC has sold its retail business, including a manufacturing plant in Des Plaines, Ill., to FFR Merchandising, a portfolio company of Olympus Investment Partners.
Terms of the deal, which closed Nov. 17 and was announced Dec. 16, weren't disclosed.
Pexco is an Alpharetta, Ga.-based portfolio company of Odyssey Investment Partners that has been primarily focused on custom industrial and medical products since its aerospace division was sold in May 2015.
Pexco's manufacturing facility in Illinois extrudes plastic shelf signage and shelf management systems for a variety of end markets, such as big-box retailers, dollar stores, grocery stores and the automotive aftermarket. The business is a strategic fit for FFR Merchandising, which has its headquarters at a 257,000-square-foot facility in Twinsburg, Ohio, a second 125,000-square-foot facility in Florence, Ky., as well as sales, service and distribution centers throughout the U.S. and in Shenzhen and Shanghai, China.
Pexco's retail business will bring additional North American manufacturing capabilities to FFR, according to a news release from the global investment banking firm Alantra, which advised Pexco in the sale.
FFR Merchandising's website says it has the industry's largest inventory of point-of-purchase display with 10,000 products in stock or made to order, including fixtures, fasteners, sign holders and shelf management solutions.
Pexco ranks No. 21 in Plastics News' latest ranking of North American pipe, profile and tubing producers with estimated sales of $200 million.