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Auxo adds to speciality manufacturer platform

Private investment firm Auxo Investment Partners has added to its speciality manufacturer platform with the acquisition of Saylor Technical Products, LLC, which will operate under the Precision Products Group brand. PPG is the parent company of Paramount Tube, Breyden Products and Euclid Medical Products. 

Private investment firm Auxo Investment Partners has added to its speciality manufacturer platform with the acquisition of Saylor Technical Products, LLC, which will operate under the Precision Products Group (PPG) brand. PPG is the parent company of Paramount Tube, Breyden Products and Euclid Medical Products. 
 
The acquisition, PPG’s second under Auxo’s ownership, is part of a wider strategy to build a diversified platform of niche manufacturers focused on heat solvation, thermal control and electrical insulation. The platform is seeking additional acquisitions with like-minded manufacturers focused on the electrical, defence, medical and consumer packaged goods sectors.
 
Headquartered in Grand Rapids, Ohio, Saylor began as a manufacturer of a flexible, non-metallic, wire and hose protection (sleeving and loom) and has since expanded into specialty cords and tapes. Saylor primarily serves the antique auto, aerospace, wire and cable and electrical markets.
 
Advisors on the transaction included Miller Johnson PLC, Barnes & Thornburg LLP, BDO USA LLP, Marsh & McLennan, and Aon Plc.

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