Grand Rapids-based Auxo Investment Partners last week said it acquired Columbia City, Indiana-based Breyden Products Inc., which will operate under the Precision Products Group (PPG) platform and brand that is part of Auxo’s portfolio. PPG is the parent company of Paramount Tube — a manufacturer of industrial tubing — as well as Euclid Medical Products. This is PPG’s first acquisition under the ownership of Auxo.
Private investment firm Auxo Investment Partners has acquired Breyden Products, which will operate under the Precision Products Group (PPG) platform and brand. As PPG’s first acquisition under the ownership of Auxo, the deal advances Auxo and PPG’s plans to build a diversified platform of niche manufacturers with defensible market positions that unite ecofriendly solutions, mechanical strength, and material know-how under a collective focus on heat solvation, thermal control, and electrical insulation. The platform is seeking additive acquisitions with like-minded manufacturers focused in the electrical, defence, medical and consumer packaged goods sectors.
Grand Rapids private equity firm Auxo Investment Partners has acquired an Indiana-based manufacturer of braided lacing tapes, twines, cords and sleeving for the electrical, defense and aerospace markets. Breyden Products Inc. will operate under the Indianapolis-based Precision Products Group Inc., the parent company of Paramount Tube and Euclid Medical Products that Auxo acquired in 2020. Auxo co-founder and Managing Partner Jeff Helminski said Breyden Products’ portfolio will fit well with Paramount Tube, which makes spiral-wound and extruded tubular products that are part of the insulation used in electric motors.