Pexco LLC has made its 10th acquisition since 2018 by acquiring fluoropolymer products maker Enflo LLC of Bristol, Conn.
Enflo operates a plant in Bristol and another in Grand Falls, New Brunswick. The firm was founded in 1954 and makes a wide range of PTFE shapes including molded cylinders/tubes and sheets, tape and extruded rods and tubing in standard and custom sizes.
Enflo's products are used in semiconductors, aerospace and defense, bridge construction, life science and also in valves, gaskets and pumps.
In a news release from Johns Creek, Ga.-based Pexco, CEO Sam Patel said that Enflo "is well known for providing customers with PTFE products that meet or exceed customer requirements across critical applications."
He added that the acquisition "represents a significant step forward as we continue to build high-performance polymer capabilities."
Enflo CEO Mark Lamoureaux said that joining Pexco "will help us expand the geographic and industry reach of the PTFE solutions we provide."
The Enflo deal is the first for Pexco — a leading custom profile and tubing extruder — since it was re-acquired in March by Odyssey Investment Partners LLC.
Atlanta-based Odyssey — which had owned Pexco from 2012-17 — bought the company from AEA Investors, which had acquired Pexco in 2018.
Pexco's most recent move came in December when it made an upstream move by acquiring Performance Elastomers Corp. of Ravenna, Ohio. PEC makes dense and sponge elastomer products, including both rubber-based and thermoplastic elastomers.
With estimated sales of $290 million, Pexco is the 20th-largest pipe, profile and tubing producer in North America, according to Plastics News data.