Private equity firm Auxo Investment Partners has purchased Midway Rotary Die Solutions for undisclosed amount.
Image: Auxo intends to strengthen its business with new acquisition. Photo: Photo by rawpixel on Unsplash.
Auxo said the acquisition is a part of its plan to add capabilities to die manufacturing platform – Bernal Rotary Dies, Atlas Die, and Atlas Chem-Milling.
Midway Rotary Die Solutions is engaged in designing, manufacturing and sharpening dies for customers in the automotive, packaging, medical, food processing, tag-and-label, specialty and photo-cutting industries.
It also offers multi-stage heat treatment processes, cryogenic treatment, carton prototyping and technical support to craft the crush-cut dies in the industry.
Midway Rotary Die Solutions official said: “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.”
Auxo said that the acquisition allows Midway Rotary Die Solutions to continue to grow, serve a wider array of customers and offer new capabilities in wide format RP rotary dies and flexible rotary dies.
The addition of Midway allows Auxo to further meet the needs of the sophisticated and demanding customers, the firm noted.
Auxo now provides its customers with access to a full range of die sizes, from 12 inches to larger than 100 inches, involving both rotary pressure and crush-cut styles in both solid rotary and flexible dies.
Auxo Managing Partner Jack Kolodny said: “We look forward to helping steward Midway through the next phase of its growth by making long-term investments and enhancing its growth-related infrastructure.”
The private equity firm said that the deal gives customers with access to expanded suite of die sizes, technologies and capabilities.
Auxo managing partner Jeff Helminski: “Midway’s addition to our cutting-die platform is the latest step in Auxo’s journey to thoughtfully and strategically align market participants.
“We create extraordinary value by providing a complete product offering across the entire spectrum of cutting and converting needs for customers who value technology, reliability and production efficiency.”