Private equity firm Auxo Investment Partners has acquired Midway Rotary Die Solutions, adding deeper capabilities to its manufacturing platform – Bernal Rotary Dies, Atlas Die, and Atlas Chem-Milling.
Terms of the deal have not been disclosed.
Joining Auxo’s portfolio of industry-leading die manufacturers allows Midway Rotary Die Solutions to continue to grow, serve a wider array of customers and offer its existing customers new capabilities in wide format RP® rotary dies and flexible rotary dies, while preserving its legacy of best-in-class customer service and unrivalled solutions to customers’ converting challenges. Midway designs, manufactures and sharpens dies for customers in the automotive, packaging, medical, food processing, tag-and-label, specialty and photo-cutting industries. The company also offers multi-stage heat treatment processes, cryogenic treatment, carton prototyping and technical support to craft the most effective, customised and long-lasting crush-cut dies in the industry.
“Combining Midway with our existing portfolio of die producers allows us to offer our customers an increasingly broad, innovative suite of capabilities, helping them to deliver superior quality and efficiency in their own businesses,” says Ken Smott, who, with this acquisition, becomes CEO of Midway Rotary Die Solutions in addition to his existing leadership duties at Atlas Die and Bernal Rotary Dies.
“It was our dream when we bought Midway in 1985 with six employees to build it into a world class organisation,” says Rich Seeley, CEO of Midway Rotary Die Solutions, who will retire following the transition. “We spent the last 33 years providing the highest-quality products and service in our industry, and we couldn’t be more pleased to find, in Auxo, a partner who can help our colleagues continue to grow and develop opportunities to provide further innovation and value to our customers.”
