July 29, 2013
Pexco Acquires Scandia Plastics, Inc. of Plaistow, New Hampshire
Acquisition Deepens Specialty Plastics Machining Capability
Pexco LLC, a leading North American specialty plastics extruder-processor, has acquired Scandia Plastics, Inc. of Plaistow, New Hampshire. Scandia is a custom extrusion business specializing in high-performance thermoplastic extrusions and down-stream value-add machining capabilities. Scandia sells to the filtration, medical, environmental, defense, and other industrial markets, processing a variety of high-end engineering resin materials.
Neil Shillingford, Pexco CEO, remarks, "Scandia Plastics is a perfect fit for our business – a classic specialty extruder bringing value to its customers through high performance extrusion processing and value-added finishing. We are elated to have them join the Pexco family."
Scandia Plastics was established by Dave Hallett, the seller, in 1971. Early applications in electronics, lighting, and consumer applications later gave way to specialty extrusions for the filtration industry, including the investment in post-process machining capabilities. The company today is an established supplier of rigid extruded tube casings of various high-performance materials to the industrial and life science filtration markets.
Scandia has operated a 62,000 square foot facility in New Hampshire with 12 production lines and approximately 50 employees. Pexco will maintain the operation in Plaistow. Mr. Hallett will remain with Pexco as President of site operations and will report directly to Mr. Shillingford. He comments, "This is the right move for Scandia Plastics and no better fit. Pexco and Scandia complement each other well, emphasizing performance extrusions and a similar commitment to downstream operations and value for the customer. This transaction will no doubt open opportunities for us both and expand one another’s capabilities."
The acquisition marks the first addition to Pexco since Odyssey Investment Partners, LLC purchased the custom plastics business in August of 2012.
Part of Odyssey Investment Partners, LLC and based in Atlanta with ten plants in the United States and Mexico, Pexco is a North American leader in the design and fabrication of custom extruded and specialty plastics products. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the aerospace, industrial, commercial, and medical and life science industries. Pexco offers a full range of custom design, engineering and fabrication services. Pexco meets the requirements of ISO 9001:2000, holds ISO 14001 registration for all of its manufacturing operations and operates four Class 100,000 clean rooms.