Pexco Announces Asset Sale and Pending Closure of Columbia, S.C. Factory

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Courtesy of Pexco LLC

Pexco LLC, an Atlanta-based plastics extruder-manufacturer, will exit the plastics sheet business to focus on profile extrusion and specialty plastics. The company announced the closure of its Columbia, S.C. plant.

Plaskolite, Inc. of Columbus, Ohio, has purchased the sheet extrusion assets and order book. Pexco is working with the South Carolina Dislocated Worker Unit to assist in re-employment efforts for the 147 full-time site employees.

"This has been a difficult decision but a necessary one for our overall business," said CEO Neil Shillingford. "Pexco's core business is specialty plastics and profile extrusion. Extruded sheet has been a bit of an anomaly for us and after an in-depth review we have decided to sell this line of business and focus on our core capabilities."

The 168,000 square-foot plant and operations will be shut down this year. The facility's extruded sheet manufacturing accounted for well over half of the site's production volume and provided products for the Lighting industry as well as industrial applications. The site also manufactured profile extrusions for the Retail P.O.P. and Lawn & Garden markets.

Pexco will retain and transfer the extruded profile manufacturing business for Lighting and other market applications to four of its other nine locations located in Philadelphia, Houston, Chicago, and Monterrey, Mexico, depending on customer need, manufacturing specialty and capacity.