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Spectrum Plastics Group Acquired by AEA Investors

Spectrum Plastics Group has announced that affiliates of AEA Investors have acquired the company from Kohlberg & Company LLC. Formed via the 2017 merger of Pexco LLC and PPC Industries (including its Kelpac Medical subsidiary), Spectrum Plastics Group is a global spcialty plastics manufacturer and a medical extruder with complementary injection molding, silicone, and assembly capabilities. It also presides over the two separate brands of Pexco and PPC for the industrial profile extrusion and industrial film markets, respectively. The company operates more than 15 plants across five countries and three continents, comprising about 2,000 employees.

"AEA Investors is a global investor with a strong track record of supporting companies such as Spectrum Plastics Group and taking them to the next level," Spectrum Plastics CEO Neil Shillingford said. "We are elated to be part of this team while we evolve our business in specialty and medical plastic manufacturing on behalf of our customers and employees."

"It has been our pleasure to work with Neil and his team in the formation of Spectrum Plastics," said Seth H. Hollander, partner of Kohlberg & Company. "They have built a true market leader, and we wish them continued success."
 
Based in Alpharetta, Ga., with multiple plants across the United States, Mexico, Costa Rica, Ireland, and Malaysia, Spectrum Plastics Group is a North American leader in the design and fabrication of custom and specialty plastics products focusing on niche, high value-added end markets. Spectrum offers a full range of custom design, engineering and fabrication services, as well as meet the requirements of ISO 9001,  ISO 13485, and operates multiple Class 7 & Class 8 clean rooms.
 
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial as sets. AEA’s active individual investors include a network of more than 75 of the world’s leading industrial families, business executives and former government leaders. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, N.Y.; Connecticut; London, United Kingdom; Munich, Germany; and Shanghai, China. The firm manages funds that have approximately $10 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments.
 
Kohlberg & Company L.L.C. is a private equity firm headquartered in New York, N.Y. Since its inception in 1987, Kohlberg has organized eight private equity funds, through which it has raised $7.5 billion of committed equity capital. Over its 30-year history, Kohlberg has completed 72 platform investments and over 160 add-on acquisitions, with an aggregate transaction value in excess of $15 billion.
 

Sours: https://www.mpo-mag.com/contents/view_breaking-news/2018-02-05/spectrum-plastics-group-acquired-by-aea-investors/

Kohlberg & Company Closes Pexco Acquisition, Announces New Merged Entity, Spectrum Plastics Group

Increases breadth and depth of plastic and material solutions primarily for the medical device market

ALPHARETTA, GA (May 9, 2017) – Kohlberg & Company, L.L.C. (“Kohlberg”), a leading private equity firm specializing in middle-market investing, has announced that it has closed the acquisition of Pexco and successfully merged the business with PPC Industries, Inc. (“PPC”), a Kohlberg portfolio business which also comprises Kelpac Medical.

The new entity will be named Spectrum Plastics Group, underscoring the wide and comprehensive range of plastic and material solutions it is now able to bring to market, most notably for the medical device sector. Spectrum Plastics Group will feature multiple thermoplastic and silicone tubing extrusion, injection molding, film, packaging, assembly and value- add manufacturing technologies across 20 plants, five countries, and three continents, comprising more than 2,000 employees.

Neil Shillingford, chief executive officer of Spectrum Plastics Group, comments, “We are thrilled to have closed this transaction and to announce the launch of our new, combined company, Spectrum Plastics Group. There are few businesses as unique and well-resourced as Spectrum Plastics Group in the market today, and we aim to support our customers fully with such a broad range of manufacturing technologies and products.”

The formation of Spectrum Plastics Group creates a more comprehensive suite of medical solutions under one provider by combining the related capabilities previously under Pexco Medical and Kelpac Medical. The medical business will consist of 15 manufacturing facilities across the globe and feature both thermoplastic and silicone technologies. Both Pexco and PPC Industries, however, will retain their industrial brands and marks for industrial profile extrusion and industrial packaging businesses respectively.

The Spectrum Plastics Group name belonged to the Pexco portfolio of brands as a result of its acquisition of the Minneapolis-based precision injection molder in 2013. It is relaunching with a new mark and logo.

Commenting on this new name and brand for the entire operating unit, Mauricio Arellano, president of the medical division, indicates that it fits the proposition perfectly. “We now bring a full spectrum and in most cases unmatched set of specialty plastics capabilities to the medical device sector, so the opportunity to relaunch our brand, one with a long history in medical devices and strong brand equity with our customers, was compelling. It speaks precisely to our unique position within the medical device market and our ability to support our customers’ noble mission of restoring health for millions of patients worldwide”

Roger Prevot, operating partner at Kohlberg and chairman of Spectrum Plastics Group, remarked, “Since Kohlberg’s acquisition of PPC in 2014, our goal has been to build a broadly diversified medical componentry leader. The combination of Pexco with PPC represents the ideal next step in our achievement of this vision.”

The brand will formally launch at the Medical Design and Manufacturing trade fair (MD&M East) in New York later next month, providing customers the opportunity to interact with the new business and its full- range offering

About Spectrum Plastics Group
Owned by Kohlberg & Company and based in Alpharetta, Georgia with multiple plants across the United States, Mexico, Costa Rica, Ireland and Malaysia, Spectrum Plastics Group is a North American leader in the design and manufacture of custom and specialty plastics products focusing on niche, high value-added end markets, including medical, food and industrial applications. The group offers a full range of custom design, engineering and fabrication services, as well as meets the requirements of ISO 9001, ISO 13485, ITAR, FDA, operating multiple Class 7 & Class 8 clean rooms. For more information, visit www.spectrumplasticsgroup.com

About Kohlberg
Kohlberg & Company, L.L.C. (“Kohlberg”) is a leading private equity firm headquartered in New York. Since its inception in 1987, Kohlberg has organized eight private equity funds, through which it has raised $7.5 billion of committed equity capital. Over its 30-year history, Kohlberg has completed 70 platform investments and more than 150 add-on acquisitions, with an aggregate transaction value in excess of $10 billion. For more information, please visit www.kohlberg.com

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Sours: https://www.kohlberg.com/news/kohlberg-company-closes-pexco-acquisition-announces-new-merged-entity-spectrum-plastics-group/
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Custom Injection Molder - Specializing In

  • HIGH TEMPRETURE THERMOPLASTICS
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Whether it is a new product or you want to make a transition from metal to plastic, Spectrum Plastics Corporation will accommodate your total needs, from prototype, design and development to high volume production.

The Leader in Thermoplastics Products

The Spectrum Plastics Corporation has been producing high temperature thermoplastics for over 30 years. We are dedicated to producing a high quality product at a competitive price and rapid delivery. Our depth of experience enables our company to provide technical assistance to our customers in the areas of; Product Design & development, Material Selection, Stress Analysis, Prototype Development, Manufacturing Feasibility, Assmebly & Joining Techniques, Product Testing, and Economic Feasibility.

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Spectrum Plastics Group Reynosa Virtual Tour

ALPHARETTA, Ga., Sept. 1, 2021 /PRNewswire/ -- Spectrum Plastics Group, a global solutions provider for development through scaled manufacturing of critical polymer-based components and devices for medical and other demanding markets, is excited to announce a significant renovation and cleanroom expansion project at its Minneapolis, MN facility.

Before and After Planned Exterior Building Renovations

The 105,000 square foot facility is increasing the size of the Class 8 cleanroom manufacturing space to a total of 10,000 square feet, investing in additional molding machine capacity, renovating the office and employee amenity space, and further updating the facility to reflect the modern state of the art and highly technical molding services we provide our customers. Paul Schmeling – Sr. VP of Specialty Molding said of the expansion, "Spectrum has been quietly investing in this market segment by adding 15 new molding machines over the last 3 years. This cleanroom expansion furthers that commitment with the purchase and installation of another 10 molding machines over the balance of this year and next." A majority of that capacity will be in 110 ton and less injection molding machines, representing our focus on high precision, small and micro-molded parts serving the medical and defense industries.

The new Class 8 cleanroom will be a purpose-built molding and assembly cleanroom designed to manage the special challenges of cleanroom molding. The drying of materials and all process utilities reside outside of the cleanroom and enter the cleanroom at the press. Special utilities including high purity nitrogen and oil-free compressed air service our medical device molding and reduce risk of contamination. Real-time data capture, process quality monitoring, and RJG in cavity pressure monitoring capabilities are incorporated in the infrastructure of the new cleanroom. The office renovations include collaborative workspaces which will allow our quality and engineering teams to work more closely with customers on concepts, design for manufacturability (DFM), mold designs, and other manufacturing solutions. The completion of the entire expansion project is expected by November 2021.

About Spectrum Plastics Group
Based in Alpharetta, Georgia with a global network of plants across the United States, Mexico, Canada, Costa Rica, Ireland and Malaysia; Spectrum Plastics Group is a leader in development through scaled manufacturing of critical polymer-based components and devices for medical and other demanding marketsrequiring quality, responsiveness, innovation and technical expertise. With over 1,900 Teammates, 20+ locations, and one million square feet of manufacturing space including Class 7 and Class 8 clean rooms; Spectrum Plastics Group meets the requirements of ISO 9001 and ISO 13485 and has the resources to solve customers' most challenging problems. For more information, visit www.spectrumplastics.com or call 404-564-8560.

(PRNewsfoto/Spectrum Plastics Group)
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SOURCE Spectrum Plastics Group

Sours: https://www.yahoo.com/now/spectrum-plastics-group-announces-building-140000082.html

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