Pexco LLC, a specialty plastics extruder, has acquired Performance Elastomers Corporation. Based in Ravenna, Performance Elastomers specializes in manufacturing dense and sponge elastomer products, including both rubber-based and thermoplastic elastomers (“TPEs”), used in recreational vehicle, automotive aftermarket, marine and heavy equipment applications.
Established in 1992, PEC began with a single extruder in a 10,000 square foot building. Today, PEC operates 15 extruders in facilities spanning over 100,000 square feet, providing a wide array of secondary and fabrication services as well as in-house tool and die capabilities.
Pexco was acquired in 2018 by AEA Investors, the global private equity group. The purchase of PEC represents Pexco’s ninth acquisition under its new ownership.