SOUTHFIELD—Officials at SyBridge Technologies, an industrial technology company, announced the completion of the acquisition of Rancho Cucamonga, Calif.-based Pyramid Mold and Tool, a manufacturer of precision multi-cavity plastic injection molding tools focusing on the life sciences industry
The New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity to create a market leading value-added manufacturer spanning end markets, geographies, and advanced technological capabilities. Pyramid is SyBridge’s fifth acquisition in the last 10 months.
The acquisition of Pyramid, founded in 1995, expands SyBridge’s capabilities to offer highly complex precision tooling solutions for the life sciences and other target industries. As a part of a larger organization, Pyramid will leverage SyBridge’s design, engineering, supply chain, and production capabilities to better serve and grow with its customers.
“Pyramid is a terrific company and represents a significant step in SyBridge’s journey to build a leading franchise in life sciences manufacturing solutions,” said Tony Nardone, CEO of SyBridge. “With this acquisition, SyBridge’s Life Sciences Business Unit now has a strong presence on both the eastern and western parts of North America to better serve our customers. Going forward, our strategy will be to continue to grow our life sciences customer base through organic growth and selective acquisitions to expand SyBridge’s capabilities and geographies.”
More at www.sybridgetech.com or www.pyramidmold.com.