A local private equity firm acquired a Chicago-area manufacturer of corrugated steel rule dies.
Grand Rapids-based Auxo Investment Partners said it acquired Elmhurst, Illinois-based GC Dies.
"We're excited to bring GC Dies into our expanding platform and see great potential to expand its customer footprint," said Jeff Helminski, a managing partner with Auxo. "We believe that adding a corrugate offering further bolsters our efforts to help shape the products that touch the lives of people - everything from heart valves and ventilator tubes to cereal boxes, gaskets and surgical masks."
Auxo Managing Partner Jack Kolodny added the acquisition fits nicely into the growing Auxo Die Holdings platform.
"When we considered the full impact of this acquisition, it was obvious that adding GC Dies would make us even more competitive in the Midwest marketplace and enhance our overall platform, which was already the broadest selection of tooling for the converting industry," Kolodny said.
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
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.
"We are bringing the industry’s leading converting solution companies together to create the most comprehensive service offering available in the industry, and the addition of GC Dies is an important step in the process," says Jerry Mosingo, chief executive officer of the Auxo Die Holdings platform. "As we continue to expand – and service many of the world’s leading converting companies – we know our fully integrated solutions can meet virtually any challenge."
In addition to aligning with increasing customer demand for a single-source, full-service partner, the acquisition presents an opportunity to modernize Auxo Die Holding’s equipment and manufacturing facilities in Chicago for the expanding platform. Company leaders plan to move Atlas Die’s Chicago operations to Elmhurst, where GC Dies has capacity for continued growth.
Grand Rapids-based private equity firm Auxo Investment Partners continued its investment in cutting die manufacturers with a recent acquisition.
The firm announced this week that it has acquired GC Dies, a steel rule die cutting manufacturer with a 37,500-square-foot facility in the Chicago area. The Elmhurst, Ill.-based manufacturer, which has 50 employees on staff, specializes in flat corrugated, rotary corrugated and flat steel rule die production.
Steel dies and tooling from GC Dies are routinely used for products including corrugated boxes, folding cartons, trading cards, greeting cards, automotive parts, medical parts and gaskets.
The deal was the ninth for Auxo Growth Holdings I LLC, the firm’s first investment fund that closed in fall 2018. It’s also Auxo’s fifth acquisition under the Auxo Die Holdings platform, a portfolio of cutting die manufacturers that Auxo has acquired over time.
Auxo Investment Partners acquired GC Dies, an Elmhurst, Ill.-based steel rule die manufacturer. Financial terms weren’t disclosed.
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.