European mid-market private equity firm Agilitas Private Equity’s portfolio company, Prodieco, a non-OEM producer of blister tooling format change parts for the pharmaceutical industry, will acquire GEMEL Precision Tooling, a US provider of precision engineering solutions.
Terms of the transaction will not be disclosed.
Agilitas backed a buyout of Prodieco in 2021. According to a statement, the firm has since overseen plans for expansion into new markets, as well as building on Prodieco’s capabilities in developing and delivering tools.
Lisa Ainsworth, CEO of Prodieco, said that the transaction “strengthens our presence in important markets across the Americas and will enhance our manufacturing and delivery capabilities in the region while providing an important platform for future development opportunities”.
Martin Calderbank, Managing Partner at Agilitas, added that the acquisition “marks the continued expansion of Prodieco’s global footprint and extension of its six-decades heritage of manufacturing high-quality and innovative solutions for blister packaging”.
