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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Pexco LLC Acquires Enflo LLC

September 6, 2022 GMT
Enflo PTFE (Photo: Business Wire)
Enflo PTFE (Photo: Business Wire)
Enflo PTFE (Photo: Business Wire)
Enflo PTFE (Photo: Business Wire)
Enflo PTFE (Photo: Business Wire)

JOHNS CREEK, Ga.--(BUSINESS WIRE)--Sep 6, 2022--

Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Enflo LLC. Based in Bristol, CT with a second facility in Grand Falls, NB, Canada, Enflo is one of the leading manufacturers of Polytetrafluoroethylene (PTFE) products in North America. Founded in 1954, Enflo manufactures a wide range of PTFE shapes including molded cylinders/tubes and sheets, skived sheets, tape, and extruded rods and tubing – in standard and custom sizes. The company’s products are used in a variety of markets including semiconductors, aerospace & defense, bridge construction, life science and industrial as well as in crucial valve, gasket and pump applications.

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Enflo PTFE (Photo: Business Wire)

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Pexco CEO Sam Patel stated, “We are pleased to welcome Enflo to the Pexco family of companies. Enflo is well known for providing customers with PTFE products that meet or exceed customer requirements across critical applications in aerospace, defense, medical, chemicals processing, construction, electrical and electronics businesses. This acquisition aligns nicely with Pexco’s strategic growth plan. Enflo represents a significant step forward as we continue to build high-performance polymer capabilities. We look forward to adding the collective talents of the Enflo team to the Pexco family of companies.”

Mark Lamoureaux, CEO of Enflo, added, “We are excited to join the Pexco family of companies, whose scale, reputation, and engineering expertise will allow us to provide an even broader array of services and solutions to our customers. This relationship will also help us expand the geographic and industry reach of the PTFE solutions we provide.”

About Pexco LLC

Based in Atlanta with multiple plants across the United States and Mexico, Pexco is a North American leader in the design and fabrication of engineered plastic components. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering, and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations. For more information, visit www.pexco.com or contact (770) 777-8540.

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About Enflo LLC

Enflo LLC is an expert manufacturer of PTFE molded cylinders and sheets, skived sheets, tape, and extruded rods and tubing – in a variety of standard and custom sizes. The company’s PTFE products are used in a variety of settings including semiconductors, aerospace & defense, bridge construction, life science and marine as well as numerous valve, gasket and pump applications.

About Odyssey Investment Partners

Odyssey Investment Partners, with offices in New York and Los Angeles, is a leading private equity investment firm with a more than 25-year history of partnering with skilled managers to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industries with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit www.odysseyinvestment.com.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20220831005796/en/

CONTACT: Pexco LLC

www.pexco.com

Scott Mattice

Business Development/M&A Manager

770-777-8549

KEYWORD: GEORGIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: MACHINE TOOLS, METALWORKING & METALLURGY ENGINEERING CHEMICALS/PLASTICS MANUFACTURING OTHER MANUFACTURING MACHINERY

SOURCE: Pexco LLC

Copyright Business Wire 2022.

PUB: 09/06/2022 10:00 AM/DISC: 09/06/2022 10:02 AM

http://www.businesswire.com/news/home/20220831005796/en