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- CORE Industrial Partners Acquires Ditron, Expanding PrecisionX's Capabilities
CORE Industrial Partners Acquires Ditron, Expanding PrecisionX's Capabilities
Slice of Manufacturing Team
August 26, 2024
Key Highlights:
CORE Industrial Partners acquires Ditron, expanding PrecisionX’s capabilities.
Ditron specializes in micro-miniature metal stamped components.
The acquisition strengthens PrecisionX's presence in aerospace, medical, and industrial markets.
Source (Business Wire)
Notable Quotes:
“The acquisition of Ditron strategically expands PrecisionX’s capability set to include high-speed, high-volume micro and micro-miniature stamping. We believe Ditron’s focus on serving critical use applications in growing end markets through a differentiated specialty manufacturing capability makes the Company an ideal fit with the platform.”
“We see immediate opportunities to enhance the value proposition for customers of both PrecisionX and Ditron as a result of this acquisition. We’re excited to welcome the Company to the PrecisionX platform and we’re looking forward to working with the highly experienced Ditron team.”
“When my partner Jeff Woodin and I acquired Ditron in 2003, we identified a compelling opportunity to drive growth in the micro precision stamping space through innovation, customer collaboration, and values rooted in respect and responsiveness. We’re looking forward to partnering with CORE and the PrecisionX team in support of the Company’s next phase of growth.”
Our Take:
The acquisition of Ditron by CORE Industrial Partners marks a significant enhancement to PrecisionX’s capabilities in micro and micro-miniature stamping. This move not only broadens PrecisionX's technological scope but also positions it strongly within high-growth markets such as aerospace, medical devices, and industrial sectors. Ditron’s longstanding expertise and high-speed production capacity are poised to provide PrecisionX with a competitive edge in delivering precision components for critical applications. The acquisition underscores CORE's strategic intent to build a diversified and technologically advanced platform within the manufacturing and industrial services space.