Private investment firm Auxo Investment Partners has acquired niche manufacturers Paramount Tube.
"We selected Auxo as our partner because of their desire to support our vision for growth and the values our organisations share," said Dave Hooe, CEO of PPG, who will continue in his leadership role. "We think Auxo’s hands-on investment approach will bolster our ability to aggressively pursue our growth plan and ensure a prosperous future for our company and for our long-standing employees."
In partnership with Auxo, the company will aggressively pursue continued growth by expanding its process capabilities and introducing specialized materials application knowledge and custom engineering solutions to new markets.
Auxo Investment Partners, a private investment firm, announced recently that it has partnered with the management team in its acquisition of Euclid Medical, which operates under the Precision Products Group (PPG) brand in Apple Creek.
Euclid Medical — which was acquired along with fellow PPG company Paramount Tube — is a medical technology manufacturer that designs, engineers and manufactures automated single- and multi-dose pharmaceutical packing systems. The systems are driven by proprietary software for use in hospitals, retail pharmacies and long-term care facilities. Euclid Medical also converts medical-grade films into consumable unit-dose pharmaceutical packaging, according to a news release.
Dave Hooe, CEO of PPG, will continue in his leadership role. In a statement, Hooe said Auxo was selected as a partner because of its “desire to support our vision for growth and the values our organizations share.”
A private investment firm, Auxo Investment Partners, has purchased Fort Wayne, Ind.-based Paramount Tube Engineered Solutions and Cleveland-based Euclid Medical, which both operate under the brand Precision Products Group Inc., in a deal that closed Sept. 1.
"We selected Auxo as our partner because of their desire to support our vision for growth and the values our organizations share," Hooe said in the release. "We think Auxo's hands-on investment approach will bolster our ability to aggressively pursue our growth plan and ensure a prosperous future for our company and for our long-standing employees."
Private investment firm Auxo Investment Partners announced today that it has partnered with the management team in its acquisition of Paramount Tube and Euclid Medical, which operate under the Precision Products Group (PPG) brand. The deal, terms of which were not disclosed, marks Auxo’s seventh acquisition in the firm’s inaugural investment fund, Auxo Growth Holdings I LLC, which closed in the fall of 2018.
Paramount Tube is the dominant player for mission-critical, small diameter spiral-wound and extruded tubular products known for providing highly customized, tight tolerance and uniquely shaped solutions. Applications include components for electric motors, transformers, fuses, automotive, single-dosage medications, pharmaceutical packaging, eco-friendly consumer packaging, and military ordinances. Euclid Medical designs, engineers and manufactures highly engineered automated single- and multi-dose pharmaceutical packing systems driven by proprietary software for use in hospitals, retail pharmacies, and long-term care facilities. Euclid Medical also converts medical-grade films into consumable unit-dose pharmaceutical packaging.
Private investment firm Auxo Investment Partners has acquired Euclid Medical, which operates under the Precision Products Group brand. The deal, terms of which were not disclosed, marks Auxo’s seventh acquisition in the firm’s inaugural investment fund, Auxo Growth Holdings, which closed in the fall of 2018.
In partnership with Auxo, the company will aggressively pursue continued growth by expanding the key market segments it serves and broadening its product and service offering by focusing on trends in medication adherence and automated packaging machines
Private investment firm Auxo Investment Partners announced on Thursday that it has partnered with the management team in its acquisition of Euclid Medical, which operates under the Precision Products Group (PPG) brand.
“We were immediately impressed with Euclid Medical’s unique capabilities and dominant market position,” said Auxo managing partner Jeff Helminski. “It’s clear the company’s values are closely aligned with ours — and its success has been driven by the leadership team’s unrelenting pursuit of excellence and customer service. We’re excited to work with Dave and his team to honor the legacy they have built and support them in leveraging their unique capabilities to expand their global footprint.”
“We couldn’t be more thrilled to be working with the team at Euclid Medical and PPG,” added Auxo managing partner Jack Kolodny. “This is exactly the kind of company we had in mind when we formed Auxo — and we look forward to being an active and additive partner in the continued growth of an already outstanding company.”