Pexco LLC has made its eighth acquisition since 2018, this time growing in the fluoropolymer market by purchasing Altaflo LLC of Sparta, N.J.
In a March 1 news release, officials with Pexco in Johns Creek, Ga., said that Altaflo makes high-performance fluoropolymer and fluoroplastic extrusions for a wide variety of industries, including aerospace, pharmaceutical, energy and electronics.
Altaflo was founded in 2006 by Mary Hyde and Chris Bishop. Officials said the firm has built a strong reputation for developing fluid handling solutions for aggressive applications, delivering high purity levels. Altaflo maintains a large inventory of fluoropolymer tubing and pipe, allowing the firm to provide exceptional delivery times, they added.
Altaflo "is well known for its strong customer focus and agility in expanding product lines and material offerings to meet rapidly evolving needs and requirements," Pexco CEO Sam Patel said in the release.
The acquisition "significantly expands our high-performance polymer capabilities and technical expertise and brings a proprietary suite of highly sought after branded products," he added.
Altaflo owners Hyde and Bishop said that Pexco's scale and expertise in custom extrusion "creates an excellent opportunity for our organization and our customers, providing a robust platform for future growth."
Pexco's recent string of eight acquisitions has been made under the ownership of private equity firm AEA Investors of New York. Most recently, Pexco in May 2020 acquired Greensboro, N.C.-based Exlon Extrusion Inc.
Pexco was No. 19 in the most recent Plastics News ranking of North American pipe, profile and tubing extruders, with estimated sales of $240 million. The firm 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.