Spirex Corp.

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Spirex Corp. - overview

Established

1978

Location

Youngstown, OH-Ohio, US

Primary Industry

Materials

About

Spirex Corp. is a specialized manufacturer focused on providing advanced bimetallic plasticizing equipment, enhancing the efficiency of plastic production processes in various industries. Spirex Corp. operates in the plastics manufacturing sector, offering innovative solutions for production efficiency.


The company was founded in 1978 in Youngstown, US. Notably, it was acquired by Xaloy, a portfolio company of Industrial Growth Partners, in September 2009. The founders include Ali YILMAZ, Erimsah Bora, Melik Vatan, and Sila GÜNGÖR. Spirex Corp.


specializes in designing and manufacturing advanced bimetallic plasticizing equipment, including bimetallic screws, barrels, and front-end components. These products are engineered to improve efficiency and quality in plastic manufacturing processes, specifically benefiting sectors such as injection molding, extrusion, and compounding. Their components are designed to reduce wear, enhance output, and improve product quality, addressing operational challenges for manufacturers globally, particularly in North America, Europe, and Asia. Spirex Corp.


's revenue stems from direct business-to-business transactions, primarily with long-term clients in the plastics manufacturing sector. The company sells bimetallic screws, barrels, and front-end components, often through bulk orders or contractual agreements that reflect the customized nature of their products. The pricing structures are based on product complexity and specifications, with flagship offerings featured in each transaction, tailored to meet the specific operational demands of their customers. Moving forward, Spirex Corp.


aims to expand its product offerings and enter new markets. The company is focused on developing upcoming innovations in plasticizing equipment. Additionally, it is working to penetrate new geographic areas, although specific regions have not been disclosed. The recent acquisition by Xaloy will likely support these initiatives by providing resources and strategic direction.


Current Investors

Xaloy Superior Holdings, Inc.

Primary Industry

Materials

Sub Industries

Rubber & Plastics

Website

www.spirex.com

Verticals

Manufacturing, Wearables & Quantified Self

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Spirex Corp. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Series BCompletedDocea Power SAS-
Add-onCompletedSpirex Corp.-

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Spirex Corp. - employee data

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