Auxo Investment Partners Expands Portfolio with Cindus Acquisition
Auxo Investment Partners Strengthens Its Portfolio
Precision Products Group (PPG), a proud part of Auxo Investment Partners, has entered an exciting new chapter by acquiring Cindus Corporation, a prominent manufacturer known for its crepe paper products geared towards electrical and industrial applications. This acquisition promises to enhance PPG's offerings and solidify its role as a key player in the insulating materials landscape.
Understanding the Cindus Acquisition
With this strategic acquisition, PPG positions itself to significantly boost its capacity as it responds to the rising demand in the electrical transformer market. The synergy from this merger will enable both companies to not only sustain their existing market presence but also accelerate investments that will be vital for expansion.
Shared Values and Commitment to Quality
Tom Moore, the CEO of PPG, expresses enthusiasm over Cindus joining the family, stating, "We are thrilled to welcome Cindus to PPG. Their unwavering quality and service dedication over the past nearly 25 years perfectly complement our mission. Together, we will create unparalleled value for our clients." This collaboration exemplifies mutual respect and a shared vision for the future of both businesses, ensuring that customer satisfaction remains paramount.
Market Demand and Future Expansion Plans
Tim Shaw, Chief Commercial Officer of PPG, pointed out that there is an unprecedented demand for power infrastructure. He highlighted the challenges faced by transformer manufacturers due to raw material shortages. PPG's strategic plans include a significant investment in capacity expansion, aimed at enhancing Cindus' production of insulating paper, which is essential for meeting these growing customer needs.
Cindus' Legacy Continues
Keeping with tradition, Cindus Corporation will retain its name and continue operating under its brand. The existing management team will steer the company, confident in their ability to maintain the high standards that customers have come to expect. John Hennessey, Vice President of Sales at Cindus, noted, "PPG embodies the values that have fueled Cindus' success, and this partnership will equip us with the necessary resources to enhance our operations and meet increasing demand effectively."
A Commitment to Quality Materials
Jeff Helminski, Managing Partner of Auxo Investment Partners, emphasized the strategic value of this acquisition. He expressed confidence in Cindus' expertise, stating that it will allow PPG to broaden its range of engineered materials while addressing the demands of their clientele. This partnership marks a pivotal moment in their journey to deliver innovative solutions, further solidifying their position in the market.
About Precision Products Group and Auxo Investment Partners
Precision Products Group specializes in manufacturing highly engineered materials for diverse sectors, including electrical, medical, aerospace & defense, and industrial markets. Their extensive range of products includes crepe paper, spiral-wound products, and various engineered materials, accessible under their family of brands such as Paramount Tube and now Cindus Corporation.
Auxo Investment Partners, originating from Grand Rapids, Michigan, is a private investment firm dedicated to supporting businesses during transitional phases. With a flexible capital model, Auxo empowers companies to strategize for long-term growth without the pressure of artificial deadlines. Emulating the ancient Greek goddess of growth, Auxo seeks partnerships that align with its investment criteria for mutually beneficial outcomes.
Frequently Asked Questions
What is the significance of the acquisition of Cindus Corporation?
The acquisition strengthens PPG's position in the electrical transformer market and enables increased capacity for insulation materials production.
How will the merger affect Cindus Corporation?
Cindus will continue to operate under its brand, leveraging PPG's resources to expand its production capacity and meet customer demands effectively.
What does Auxo Investment Partners focus on in their investments?
Auxo focuses on investing in companies at transitional stages, particularly in manufacturing and business service industries, emphasizing long-term growth.
Who leads Precision Products Group?
Tom Moore serves as the CEO, while Tim Shaw holds the position of Chief Commercial Officer, steering the company toward its strategic goals.
What types of products does Precision Products Group produce?
PPG produces engineered materials including crepe paper, spirally wound products, tubing, and various woven products for multiple industries.
About The Author
Contact Owen Jenkins here.
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