M&A Deal Summary

Pexco Acquires Performance Plastics

On September 15, 2022, Pexco acquired plastics company Performance Plastics from MCM Capital Partners

Acquisition Highlights
  • This is Pexco’s 13th transaction in the Plastics sector.
  • This is Pexco’s 16th transaction in the United States.
  • This is Pexco’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2022-09-15
Target Performance Plastics
Sector Plastics
Buyer(s) Pexco
Sellers(s) MCM Capital Partners
Deal Type Add-on Acquisition

Target

Performance Plastics

Cincinnati, Ohio, United States
Performance Plastics is an Injection molder of precision-engineered thermoplastic components for mission-critical applications. Performance Plastics developed proprietary tool design software, processes, and equipment enabling us to injection mold components having complex geometries made out of challenging ultra and high-performance thermoplastic materials and highly loaded compounds. Performance Plastics was formed in 1982 and is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Pexco

Johns Creek, Georgia, United States
Category Company
Sector Manufacturing
DESCRIPTION

Pexco is a North American designer and fabricator 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.

DEAL STATS #
Overall 17 of 20
Sector (Plastics) 13 of 14
Type (Add-on Acquisition) 17 of 20
State (Ohio) 2 of 2
Country (United States) 16 of 19
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Enflo

Bristol, Connecticut, United States

Enflo 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. Enflo was founded in 1954 and is based in Bristol, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Plastic Profiles

Parsippany, New Jersey, United States

Plastic Profiles is a niche stock shapes manufacturer which specializes in fluoropolymer rods, tubes, and compression molded sheets. These types of products are used in a variety of markets including semiconductors, aerospace & defense, life science, and industrial as well as in crucial valve, gasket, and sealing applications. Plastic Profiles was formed in 1965 and is based in Parsippany, New Jersey.

Buy -

Seller(S) 1

SELLER

MCM Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MCM Capital Partners is Midwest based private equity firm focused on acquiring niche manufacturers, value added distributors and service companies. Specific areas of interest include specialty chemicals, medical component products, home accessories, engineered materials, packaging, specialty distribution, building products, transportation, and high performance composites. Prospective companies generally have revenues of $10 to $50 million and are valued up to $50 million. Typical transactions include recapitalizations, management buyouts, and divestitures. MCM Capital Partners was formed in 1992 and is based in Beachwood, Ohio.

DEAL STATS #
Overall 15 of 15
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Ohio) 8 of 8
Country (United States) 14 of 14
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Action Industries

Strongsville, Ohio, United States

Action Industries is a distributor and manufacturer of commercial and residential garage door parts and accessories serving OEMs, installers, contractors, and dealers. The company's national footprint, expansive product line, manufacturing capabilities, and dedication to same-day fulfillment offer a compelling value proposition to its customers. Action Industries was founded in 2016 and is based in Strongsville, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Tech

Merrimack, New Hampshire, United States

Tech is a technical injection molder serving the medical device, general industrial, defense and green energy industries. Tech has developed an expertise in molding high performance resins to exacting, complex geometric specifications along with an extensive suite of vertically integrated and secondary value-added services including tool fabrication, machining, assembly, ultrasonic welding, packaging, machining, heat staking and laser marking among others. Tech was formed in 1982 and is based in Merrimack, New Hampshire.

Buy -
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