Performance Elastomers Corp. (PEC), an elastomer product manufacturer supplying the RV industry among others, was acquired by Georgia-based Pexco LLC.
PEC specializes in manufacturing dense and sponge elastomer products, including rubber-based and thermoplastic elastomers (TPEs). The company was founded in 1992 and is based in Ravenna, Ohio.
“We are extremely pleased to join forces with Pexco LLC, whose scale, reputation, and expertise will now provide an even broader array of services and solutions to our customers,” PEC owners Art Bowen and Dave Spears said. “Our new alliance will only reinforce our deep commitment to quality, service, and the ongoing development of unique product applications across the many market segments we currently serve.”
PEC began with a single extruder in a 10,000-square-foot building. Today, PEC operates 15 extruders in facilities spanning more than 100,000 square feet. The company provides various secondary and fabrication services and in-house tool and die capabilities.
“Through this acquisition,” Pexco CEO Sam Patel said, “Pexco looks forward to expanding the silicone and thermoplastic elastomer products and broadening its capabilities to include other high performance polymer solutions to deliver even greater value to our customers in the mobility, recreational vehicle and truck aftermarkets.”
