Spectrum Plastics Group Acquires Apex Resource Technologies

Spectrum Plastics Group, a medical extruder with complementary injection molding, silicone, and assembly capabilities, has announced that it has acquired Apex Resource Technologies Inc. Apex is a full-service design engineering, tooling, and injection molding operation focused on high performance, specialty plastics for the medical device industry. The company employs over 60 people and operates out of a 45,000-square foot facility in Pittsfield, Mass.
 
Neil Shillingford, Spectrum Plastics CEO, remarked, “Apex has all the elements we are looking for as we evolve our business to the next level. Great customer relationships, strong engineering and design capabilities, a focus on performance plastics suitable to invasive medical applications, and a solid operating culture that fits our core values.”
 
Don Rochelo, founder and president of Apex Resource Technologies, said, “This is a great day for Apex and we are pleased to be aligned with Spectrum Plastics. The two companies complement one another very well, and we are thrilled to have found such a partner to carry Apex forward in the years to come.”
 
Spectrum Plastics Group itself was recently acquired by AEA Investors, the global private equity group. This event marks its first acquisition under AEA. Shillingford commented, “We plan to continue pursuing acquisitions that fit our core objectives, to provide specialty plastic solutions on behalf of the medical device industry and our customers.”