Pexco LLC to buy Spectrum Plastics

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Pexco LLC is a leading North American specialty plastics processor. The company had entered the injection molding business after it announced acquisition of Minnesota-based operation of Spectrum Plastics, Inc.

Spectrum Minnesota (Spectrum) is a precision injection molder of advanced thermoplastics. The company had been selling surgical and medical, defense and aerospace sectors. The acquisition of the injection molder manufacturer signified a step outside of the traditional profile of Pexco.

Pexco CEO Neil Shillingford said, "For many years Pexco has long defined itself as a custom profile extruder, selling into a variety of applications and markets. But truly, from the broader perspective, which would include our downstream processing capabilities, our business has been specialty plastics conversion, fulfilling the needs of industry for value-added plastic components and products. So the addition of Spectrum fits our overall business paradigm quite well - strong niche market positions, great product manufacturing, complex engineering, and precision plastics conversion."

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