- Calframax is SyBridge’s first purchase focused on the consumer end-market
- SyBridge was set up in 2019 by Crestview Partners
- Calframax is a precision mold maker based in Oldcastle, Ontario
Crestview Partners’ portfolio company SyBridge Technologies announced this week that it has acquired Oldcastle, Ontario-based Calframax Technologies.
Calframax is a precision mold maker that serves the consumer goods and industrial pails market. It aids customers throughout the production process from design and engineering to aftermarket parts, spares and repairs.
The deal is Southfield, Michigan-based SyBridge’s twelfth acquisition in three years, including several other Canadian companies, among them Advantage Engineering, AIS, and Lakeshore Fixture & Gauge. The pickup of Calframax is SyBridge’s first acquisition focused on the consumer end-market.
SyBridge was founded in 2019 by New York-based private equity firm Crestview. Crestview committed $200 million of equity with the aim of building a value-added manufacturing solutions provider that spans end-markets, geographies and advanced technological capabilities.
“Calframax is an exciting expansion into rigid plastic mold making and continues our vision of building a leadership position in consumer goods markets,” said Tony Nardone, CEO of SyBridge. “The combination of Calframax’s and SyBridge’s capabilities will enable us to better serve Calframax customers throughout North America. With this transaction, SyBridge will be able to leverage its full network of capabilities to seamlessly serve consumer goods customers in North America.”
“We are very pleased to be part of SyBridge Technologies,” said Joe Gasparovic and Ray Little, owners of Calframax. “Joining forces with their platform is a natural next step in the evolution of our company. We look forward to the opportunities this transaction creates for our customers and employees.”
Founded in 2004, Crestview invests in companies across the media, financial services and industrial sectors.