Kohlberg and Co to Acquire US Plastics Maker Pexco
Feb 28, 2017 (M&A Navigator via COMTEX) --
(C)2017 M2 COMMUNICATIONS http://www.m2.com
28 February 2017 - New York, US-based private equity firm Kohlberg and Co, LLC plans to acquire Georgia, US-based plastics manufacturer Pexco LLC from Odyssey Investment Partners, LLC and merge the company with PPC Industries, a Kohlberg portfolio organisation, the firm said.
Kohlberg said the merger of Pexco with PPC Industries is expected to strengthen its position in medical plastics.
The new, merged company will be based in the Atlanta, Georgia area and will seek to continue its medical transformation and reach.
Pexco and PPC Industries has multiple plants across the United States, Mexico, Costa Rica, Ireland, and Malaysia, Pexco and PPC Industries are provide design and fabrication of custom and specialty plastics.
Kohlberg and Co, LLC has organised eight private equity funds, through which it has raised USD 7.5bn of committed equity capital.
Odyssey Investment Partners LLC is a middle-market private equity firm that has acquired over 40 platform companies and has made over 125 add-on acquisitions into those platform companies.
Target: Pexco LLC
Buyer: Kohlberg and Co
Vendor: Odyssey Investment Partners
Deal size in USD:
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed