The acquisition by private equity firm Smile Invest will bolster IGS's focus on developing, manufacturing, and validating high-end molds that meet the strict quality requirements of medical device OEMs.
The successful takeover of plastics expert KTSN and additional expertise positions the group as a technology integrator and more effective partner for customers in the automotive industry, said the company.
A UK-based distributor of thermoplastics to Europe’s polymer processing industry, Distrupol will become part of GPD, a global holding company for value-added plastics distribution entities.
The acquisition will broaden the manufacturing capabilities and expand the geographic footprint of Blue Point IV portfolio company, VRC Engineered Solutions.
Minda KTSN Plastic Solutions went into insolvency in June 2020. Headquartered in Pirna, Germany, the company also maintains sites in Mexico and Poland.
Core Industrial Partners’ portfolio company Fathom acquired the precision tooling and injection molding supplier serving customers in the packaging and medical markets.