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Plastic Electromechanic Company (PEC)

2017: Recapitalization of Plastic Electromechanic Company (PEC)

In 2017, Plastic Electromechanic Company, a specialized plastic injection firm, undertook successfully a capital restructuring with IEG advisory assistance, completing a recapitalization through both equity and debt financing. This strategic move was designed to enhance their financial position and support future growth.

2019: Build-up and development ofPECMED

In 2019, IEG supported PECMED, a plastic injection specialist, in raising funds through a combination of equity, convertible bonds, and debt financing to support its build-up and development initiatives. This strategic move was set to fuel the company's growth and expansion efforts.

2019: Acquisition of Hydrex International

Plastic Electromechanic Company, with IEG advisory support, expanded internationally by establishing a new subsidiary, PEC SAVOIE, for fittings assembly in partnership with STAUBLI. The company also strengthened its presence in the medical devices sector through the acquisition of Hydrex International, formerly Les Laboratoires Hydrex, boosting its capabilities in both industrial and medical markets.

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Dennis Mengiste (Commercial Director)