Pexco LLC, a leading North American specialty plastics extruder, announces the acquisition of Performance Elastomers Corporation (PEC). Based in Ravenna, Ohio, near Akron, Performance Elastomers specializes in manufacturing dense and sponge elastomer products, including both rubber-based and thermoplastic elastomers (“TPEs”), used in recreational vehicle, automotive aftermarket, marine and heavy equipment applications.
Established in 1992, PEC began with a single extruder in a 10,000 square foot building. Today, PEC operates 15 extruders in facilities spanning over 100,000 square feet, providing a wide array of secondary and fabrication services as well as in-house tool and die capabilities.
Pexco CEO Sam Patel stated, “We are delighted to welcome Performance Elastomers to the Pexco family of companies. Performance Elastomers’ competencies provide an excellent fit with Pexco’s long-term commitment to strategic growth through the delivery of superior product and process innovation. Through this acquisition, Pexco looks forward to expanding the silicone and thermoplastic elastomer products and broadening its capabilities to include other high performance polymer solutions to deliver even greater value to our customers in the mobility, recreational vehicle and truck aftermarkets as well as expand into applications within other industries where these types of specialized products are required.”
Since 2009, Pexco has executed on multiple acquisitions as it has grown into the largest industrial custom plastics extrusion company in North America.
Pexco was acquired in 2018 by AEA Investors, the global private equity group. The purchase of PEC represents Pexco’s ninth acquisition under its new ownership.
