Pexco LLC, a leading North American specialty plastics manufacturer across medical, defense, and industrial markets, has acquired Precision Extrusion Inc. of Glens Falls, a dual-certified ISO 9001 and ISO 13485 manufacturer of advanced medical tubing and catheter solutions.
Precision Extrusion was founded by Mike Badera in 1991. The company offers a variety of advanced extrusion technologies and products, ranging from single lumen, multilumen, and co-extrusion tubing to acetal mandrel solid rods and wire-reinforced products.
It primarily processes engineering, high performance medical plastics materials at tight tolerance, including nylon and nylon copolymers, polyurethane, PEEK, polyetherimide, FEP, and polycarbonate. The company also sells angiographic and guide catheter solutions in standard French sizes.
“This is a great step for Precision Extrusion and we are excited to be a part of the Pexco team,” Badera said. “Pexco’s scale, resources, and diverse technical capabilities offer our business the opportunity to fulfill its objectives and long-term goals of providing more high quality services to our customers by working together with a great partner.” Badera will join Pexco and remain with the business in his current capacity as president and general manager and will also help direct Pexco’s medical extrusion technology and innovation.
“The acquisition represents yet another step begun in 2012 in the direction of full plastics solutions for our customers in our core markets, with medical certainly a priority,” said Neil Shillingford, Pexco CEO. “Precision Extrusion provides engineered solutions to its customers in the medical industry and deepens Pexco’s ability to offer advanced tubing extrusion solutions to all our strategic customers. Its commitment to quality and efficient manufacturing makes it an ideal fit for our business and our core values.”
The acquisition represents Pexco’s second in the medical plastics field since Odyssey Investment Partners acquired the specialty plastics business in 2012. Pexco acquired the innovative Spectrum Plastics of Minneapolis, Minnesota in 2013, providing it a base in injection- and micromolding solutions for surgical device products and surgical implantables, including bioresorbable materials.
Part of Odyssey Investment Partners, LLC and based in Alpharetta, Ga., with multiple plants in the United States and Mexico, Pexco is a North American leader in the design and fabrication of custom and specialty plastics products focusing on niche, high value-added end markets. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of specialty applications, including medical, defense, lighting, filtration, and industrial markets. Its website is www.pexco.com.