Pexco LLC closes acquisition of Insultab Inc.
Global Banking News-December 3, 2018-Pexco LLC closes acquisition of Insultab Inc
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Specialist plastics extruder Pexco LLC reported on Friday the completion of the acquisition of Insultab Inc for an undisclosed amount.
Based in Woburn, Massachusetts, Insultab Inc is a manufacturer of heat shrinkable and non-shrink tubing products.Its operations commenced in 1953 with hot stamping identification of heat shrinkable markers for harness assemblies. By 1964, full scale manufacturing was underway as it began extruding tubing and expanding heat shrinkable tubing products. Its 50,000 square foot facility in Woburn include multiple extrusion lines,custom-designed expanders and downstream value-added services.
The purchase of Insultab Inc represents Pexco's second acquisition under its new ownership, having acquired Custom Extrusion Inc in August 2018.
Today, Insultab Inc serves 1000 customers around the world. It provides flexible tubing products, including the Insultab and VinylGuard brands, to a wide variety of industrial and commercial market segments, including but not limited to electrical, mechanical, structural, recreational and automotive.
((Distributed via M2 Communications - http://www.m2.com))
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|Publication:||Global Banking News (GBN)|
|Date:||Dec 3, 2018|
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