New York – January 31, 2018 – AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that it has closed the acquisition of Spectrum Plastics Group (“Spectrum” or the “Company”). Spectrum is a leading provider of highly-engineered, polymer-based solutions used in mission-critical applications in medical and other attractive specialty markets.
With 16 facilities in five countries and more than 2,000 employees, Spectrum provides a comprehensive portfolio of medical components and sub-assemblies to medical device manufacturers and end users, specialty film and bag solutions for industrial and food customers, and specialty plastic profiles for attractive, niche industrial applications. The Company’s best-in-class management team has a proven history of value creation, strong operational capabilities and integration expertise. With a track record of identifying and acquiring specialty medical businesses to augment its existing portfolio, Spectrum remains an ideal platform to build on existing capabilities by completing accretive acquisitions.
About AEA
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services.
About Spectrum Plastics Group
Based in Alpharetta, Georgia with multiple plants across the U.S., Mexico, Costa Rica, Ireland and Malaysia, Spectrum Plastics Group is a North American leader in the design and fabrication of custom and specialty plastics products focusing on niche, high value-added end markets, including medical, food and industrial applications. Spectrum offers a full range of custom design, engineering and fabrication services, as well as meet the requirements of ISO 9001, ISO 13485 and operates multiple Class 7 & Class 8 clean rooms.
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