Spectrum Plastics Group Acquired by AEA Investors

Global Private Equity Firm to Support Growth and Expansion of
Benchmark Medical Plastics Manufacturing and Extrusion Leader

ALPHARETTA, Ga.–(BUSINESS WIRE)–Spectrum Plastics Group today announced that affiliates of AEA Investors
have acquired the company from Kohlberg & Company, LLC. Formed via the
2017 merger of Pexco LLC and PPC Industries (including its Kelpac
Medical subsidiary), Spectrum Plastics Group is a global specialty
plastics manufacturer. Notably, Spectrum is a market leading medical
extruder with complementary injection molding, silicone, and assembly
capabilities. It also presides over the two separate brands Pexco and
PPC for the industrial profile extrusion and industrial film markets,
respectively. The company operates over 15 plants across five countries
and three continents, comprising approximately 2,000 employees.

AEA Investors, founded in 1968, is one of the pioneers in the private
equity industry and today a leading global private equity firm. AEA
manages funds that have approximately $10 billion of invested and
committed capital. Financial terms of the acquisition were not disclosed.

Neil Shillingford, Spectrum Plastics CEO, remarks, "AEA Investors is a
global investor with a strong track record of supporting companies such
as Spectrum Plastics Group and taking them to the next level. We are
elated to be a part of this team while we evolve our business in
specialty and medical plastic manufacturing on behalf of our customers
and employees.”

Seth H. Hollander, Partner of Kohlberg & Company, commented, “It has
been our pleasure to work with Neil and his team in the formation of
Spectrum Plastics. They have built a true market leader, and we wish
them continued success.”

About Spectrum Plastics Group

Based in Alpharetta, Georgia with multiple plants across the United
States, 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. 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. For more
information, visit www.spgindustries.com
, www.spectrumplastics.com
or contact 404-564-8560.

About AEA Investors LP

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’s active individual investors (the “Participants”) include
an extraordinary network of more than 75 of the world’s leading
industrial families, business executives and former government leaders.
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 $10.0 billion of invested and
committed capital including the leveraged buyouts of middle market
companies and small business companies and mezzanine and senior debt
investments. For further information about AEA, please visit www.AEAInvestors.com.

About Kohlberg & Company

Kohlberg & Company, L.L.C. (“Kohlberg”) is a leading private equity firm
headquartered in New York. Since its inception in 1987, Kohlberg has
organized eight private equity funds, through which it has raised $7.5
billion of committed equity capital. Over its 30-year history, Kohlberg
has completed 72 platform investments and over 160 add-on acquisitions,
with an aggregate transaction value in excess of $15 billion. For more
information, please visit www.kohlberg.com.

Contacts

Spectrum Plastics Group Communications
Matt Robida, 404-564-8560