Spectrum Plastics Group today 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 specialty plastics manufacturer. Notably, Spectrum is a market leading medical extruder with complementary injection molding, silicone, and assembly capabilities. It also presides over the two separate brands Pexco and PPC for the industrial profile extrusion and industrial film markets, respectively. The company operates over 15 plants across five countries and three continents, comprising approximately 2,000 employees.

AEA Investors, founded in 1968, is one of the pioneers in the private equity industry and today a leading global private equity firm. AEA manages funds that have approximately $10 billion of invested and committed capital. Financial terms of the acquisition were not disclosed.

Neil Shillingford, Spectrum Plastics CEO, remarks, "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. We are elated to be a part of this team while we evolve our business in specialty and medical plastic manufacturing on behalf of our customers and employees.”

Seth H. Hollander, Partner of Kohlberg & Company, commented, “It has been our pleasure to work with Neil and his team in the formation of Spectrum Plastics. They have built a true market leader, and we wish them continued success.”