Custom extruder Pexco LLC is growing again, acquiring Greensboro, N.C.-based Exlon Extrusion Inc.
This marks the seventh acquisition for Johns Creek, Ga.-based Pexco since it was acquired by private equity firm AEA Investors LP in 2018. It also marks the second acquisition in the past year of an extruder based in Greensboro.
Terms of the deal were not disclosed.
Exlon is a precision extruder of plastic tubing founded in 1984 by Dennis Swink. The company offers custom and proprietary nylon, polyurethane, polypropylene and polyethylene pneumatic tubing and recoil hose products.
According to Pexco, Exlon offers tubing in a variety of colors and sizes, as well as custom extrusion solutions.
"The acquisition of Exlon further expands our capabilities and technical expertise in the world of high-performance polymers," Pexco CEO Sam Patel said in a news release.
"The addition of Exlon's personnel, equipment and relationships will provide valuable resources as we continue to demonstrate our proficiency with products that require higher-grade raw materials for niche applications," Patel said.
Pexco was No. 22 in the most recent Plastics News ranking of North American pipe, profile and tubing extruders, with estimated sales of $210 million.
Pexco's last acquisition was announced Jan. 31: NDM Marking Systems Inc., a maker of traffic markers based in Jasper, Ga.
The company's 2019 acquisitions included American Extruded Plastics Inc. and American Injection Molding Inc., two firms that operated from a shared facility in Greensboro.
Pexco has plants in the U.S. and Mexico extruding and injection molding plastic products for industrial, lighting, traffic safety, fence, filtration and electrical insulation markets.