Glens Falls, N.Y.-based Precision Extrusion makes single lumen, multilumen, and co-extrusion tubing, acetal mandrel solid rods, wire-reinforced products and angiographic and guide catheter solutions, Pexco said.
Alpharetta, Ga.-based Pexco is owned by Odyssey Investment Partners.
“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. 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,” Pexco CEO Neil Shillingford said in prepared remarks.
“This is a great step for Precision Extrusion and we are excited to be a part of the Pexco team. 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,” added Precision Extrusion founder & president Mike Badera, who’s slated to join Pexco as president and general manager.
Pexco said it acquired another medical device supplier, Minneapolis-based Spectrum Plastics, in 2013.