News

Private investment firm Auxo Investment Partners announced today that it has acquired GC Dies, a steel rule die manufacturer based in Elmhurst, Ill., a suburb of Chicago. The deal marks Auxo’s ninth acquisition in the firm’s inaugural investment fund, Auxo Growth Holdings I LLC, which closed in the fall of 2018. It is Auxo’s fifth acquisition under the Auxo Die Holdings platform, a growing portfolio of industry-leading cutting die manufacturers the investment firm has acquired in recent years.

Founded in 2000, GC Dies is one of the leading steel rule cutting die manufacturers in the country. The company, which has 50 employees and operates from a 37,500-square foot facility, focuses on flat corrugated, rotary corrugated and flat steel rule die production.

The purchase of GC Dies follows Auxo’s previous acquisitions of cutting die manufacturers Atlas Die, AtlasFlex, Bernal Rotary Dies, Midway Rotary Die Solutions, and DieCraft Engineering & Manufacturing – and further expands a fully integrated family of converting solution companies, each offering a wide selection of purpose-built dies, tools, systems and technical converting expertise.

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.”

Auxo Investment Partners has acquired Paramount Tube, a manufacturer of small diameter spiral-wound and extruded tubular products, including transformer components. Paramount Tube operates under the Precision Products Group brand. In partnership with Auxo, the company will introduce specialized materials application knowledge and custom engineering solutions to new markets.

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