Pexco Acquires Altaflo and Expands the Fluoropolymer Offerings
Pexco LLC, a leading North American specialty plastics extruder, announces the acquisition of Altaflo, LLC. Based in Sparta, NJ, Altaflo produces high-performance fluoropolymer and fluoroplastic extrusions for a wide variety of industries, including aerospace, pharmaceutical, chemical, energy, electronics and filtration.
Founded in 2006 by Mary Hyde and Chris Bishop, Altaflo has built a strong reputation for developing exceptional fluid handling solutions for aggressive applications, delivering the highest possible purity levels. Altaflo also maintains a large inventory of fluoropolymer tubing and pipe, allowing them to provide exceptional delivery times for most orders.
Pexco CEO Sam Patel stated, “We are extremely pleased to welcome Altaflo to the Pexco family. They are well known for their strong customer focus and agility in expanding product lines and material offerings to meet rapidly evolving needs and requirements. The acquisition of Altaflo significantly expands our high-performance polymer capabilities and technical expertise and brings a proprietary suite of highly sought after branded products. Pexco looks forward to growing Altaflo by broadening the spectrum of solutions available to their customers.”
Owners Chris Bishop & Mary Hyde remarked, “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. We are excited to begin this new chapter for Altaflo and look forward to continuing our mission of offering the highest quality fluid-handling products on the market”
Since 2009, Pexco has executed on multiple acquisitions as it has grown into the largest custom industrial extrusion company in North America.
Pexco was acquired in 2018 by AEA Investors, the global private equity group. The purchase of Altaflo represents Pexco’s eighth acquisition under its new ownership. Patel stated that “This acquisition is an important step in our continued efforts of diversifying our capabilities and knowledge base as a diversified supplier of critical polymer products to a variety of industries.”
