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.