As the pandemic continues to challenge the market, Argus will discuss their forecast for 2022 on Tuesday, December 14th at 2 pm Eastern Time.

Pexco LLC continues its expansion plan through the acquisition of Performance Elastomers Corporation

Johns Creek, Georgia, December 1, 2021--(Business Wire)--Pexco LLC, a leading specialty plastic extruder in North America, is pleased to announce the acquisition of Performance Elastomers Corporation (PEC). Headquartered in Ravenna, Ohio, near Akron, Performance Elastomers specializes in manufacturing dense and sponge elastomer products, including rubber-based and thermoplastic elastomers ("TPE") for use in recreational vehicles, automotive aftermarkets, marine and heavy equipment application.

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PEC was founded in 1992, initially using an extruder in a 10,000 square foot building. Today, PEC operates 15 extruders in a facility covering more than 100,000 square feet, providing a wide range of secondary and manufacturing services as well as in-house tooling and mold capabilities.

Sam Patel, Chief Executive Officer of Pexco, said: “We are very pleased to welcome Performance Elastomers to the Pexco family of companies. The capabilities of Performance Elastomers fit perfectly with Pexco’s long-term commitment to achieve strategic growth through the provision of superior products and process innovation. After this acquisition, Pexco Looking forward to expanding silicone and thermoplastic elastomer products and expanding their capabilities to include other high-performance polymer solutions, providing our customers in the mobile, recreational vehicle and truck aftermarket with greater value, and expanding to applications in other industries Where these types of professional products are needed."

Owners Art Bowen and Dave Spears said: “We are very happy to work with Pexco LLC. Pexco LLC’s scale, reputation and expertise will now provide our customers with a wider range of services and solutions. Our new alliance will only strengthen our Deep is committed to the continuous development of quality, service and unique product applications in many market segments we currently serve."

Since 2009, Pexco has executed multiple acquisitions as it has grown into the largest industrial custom plastic extrusion company in North America.

Pexco was acquired by global private equity group AEA Investors in 2018. The acquisition of PEC is Pexco's ninth acquisition under its new ownership. Patel said: "We remain committed to continuing and strategically expanding our capabilities, including seeking key acquisitions that align with our core goals as North America's premier supplier of customized plastic solutions."

Pexco is headquartered in Atlanta, with multiple factories in the United States and Mexico, and is a leader in the design and manufacture of custom extruded and injection molded plastic products in North America. It provides manufacturers and end users with standard and specialty components for a wide range of customized applications, including specialty industries, fluid handling, lighting, traffic safety, fencing, and electrical insulation industries. Pexco provides a full range of custom design, engineering and manufacturing services in its manufacturing operations, including ISO 9001:2015 registration. For more information, please visit www.pexco.com or contact 770-777-8540.

Performance Elastomers Corporation is a customized supplier of rubber, silicone, and thermoplastic elastomer products, offering a wide range of secondary processing and in-house tool and mold capabilities. The company is known for its decades of providing uncompromising quality and superior solutions to a wide range of markets, which are characterized by applications for industrial, construction and entertainment purposes.

AEA Investors LP was established in 1968 by the Rockefeller, Mellon and Harriman family interest groups and SG Warburg & Co. to provide private investment tools for selected industrial family office groups with large assets. AEA has an extraordinary global network established over the years, including leading industrial families, corporate executives and leaders; many of them are active individual investors investing in AEA and/or joining the board of directors of its portfolio companies or holding other advisory roles . Today, AEA has approximately 100 investment professionals operating globally, with offices in New York, Connecticut, San Francisco, London, Munich, and Shanghai. The fund managed by the company has more than $15 billion in investment and committed capital, including leveraged buyouts of middle market companies and small businesses, growth capital, and mezzanine and senior debt investments. The AEA Small Business Fund is a strategy within AEA and currently manages $1.9 billion in investment and committed capital. The team aims to help companies in the low-end market grow and transform by sponsoring growth companies with mature management teams and excellent business models.

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Pexco LLC www.pexco.com Scott Mattice Business Development/M&A Manager 770-777-8549

Semiconductor company Nvidia (NASDAQ: NVDA) shares fell again on Monday-4.2% as of noon Eastern Time-and fell for the fourth consecutive day. There does not seem to be any special news behind today's decline, at least not for Nvidia. Although the high demand for high-end Nvidia graphics chips is usually good news for the company and its pricing power, the network pointed out that "more and more products are hidden under semiconductors", but "things made with chips are not only Use one chip.” So even if a PC manufacturer is lucky enough to get all the Nvidia chips it needs, it may not be able to sell its PC if it cannot get all the power control, memory, and other chips needed to make the product. .

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