Performance Plastics, Ltd.
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Performance Plastics, Ltd. - overview
Established
1982
Location
Cincinnati, OH, US
Primary Industry
Materials
About
Performance Plastics, Ltd. specializes in the design and manufacturing of custom molded plastic components, particularly high-performance thermoplastic materials for critical applications in various industries. Founded in 1982 and headquartered in Cincinnati, US, Performance Plastics, Ltd. focuses on custom molded plastic solutions.
The company was acquired by Pexco LLC on September 15, 2022, from MCM Capital Partners. The founder's previous history is not specified. Performance Plastics specializes in the design and manufacturing of custom molded plastic components, focusing primarily on high-performance thermoplastic materials such as FEP and PFA. These fluoropolymers are used in biomedical devices and industrial applications, addressing challenges related to durability and precision.
Their client base spans aerospace, defense, and medical sectors, with global marketing efforts reaching customers across North America, Europe, and Asia. Performance Plastics generates revenue through a business-to-business model, engaging in custom manufacturing contracts. Revenue is primarily derived from direct sales agreements for specific components, including their proprietary Torlon® and PEEK products, tailored to client specifications. Looking ahead, Performance Plastics plans to design and launch new products targeted for release in the upcoming year.
The company aims to expand into new geographic regions, including additional markets in Europe and Asia, expected in 2023. The recent acquisition by Pexco LLC will enhance resource allocation to support these growth initiatives.
Current Investors
Pexco LLC, MCM Capital Partners
Primary Industry
Materials
Sub Industries
Rubber & Plastics
Website
www.performanceplastics.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Performance Plastics, Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Performance Plastics, Ltd. | - | ||||||||
| Buyout | Completed | Performance Plastics, Ltd. | - |
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