On June 23, Grand Rapids, Michigan-based private investment firm Auxo Investment Partners announced its acquisition of Breyden Products Inc.
Headquartered in Columbia, Indiana, Breyden manufactures a complete line of military specification braided lacing tapes, twines, cords and sleeving for the electrical, defense and aerospace markets, and will now operate under the Precision Products Group brand. PPG is the parent company of industrial tubing manufacturer Paramount Tube.
“The Breyden team is beyond excited about the partnership with Auxo, PPG and their portfolio of world class manufacturers,” said Mike Zuber, vice president of sales for Breyden Products. “Our deep and long-standing relationships with leading channel partners will support the continued growth and diversification of PPG in the aerospace, defense and electrical markets.”
As this is PPG’s first acquisition under the ownership of Auxo, it will support them in creating a diversified platform of niche manufacturers, according to a news release announcing the deal. The financial details of the deal were not disclosed.
“The acquisition of Breyden expands Paramount Tube’s portfolio of offerings which enables our team to better serve our customers by providing a deeper and broader product line of custom solutions,” said Tim Shaw, vice president of sales and marketing of Paramount Tube. “We look forward to maximizing the value and benefits that this combination brings to existing and new customers.”