Global industrial technology company SyBridge Technologies announced today that it has completed the acquisition of Pyramid Mold and Tool, further expanding its footprint in the life sciences end markets. New York–based private equity firm Crestview Partners said in the news release that it established SyBridge in 2019 and committed $200 million of equity to create a market leading value-added manufacturing solutions provider spanning across end-markets, geographies, and advanced technologies. Pyramid is SyBridge’s fifth acquisition in the last 10 months.
Located in Rancho Cucamonga, CA, Pyramid manufactures precision multi-cavity plastic injection molding tools with an emphasis on the life sciences industry. Founded in 1995, Pyramid specializes in tight-tolerance, high-cavitation molds and complex multi-shot, stack, liquid silicone rubber, and proof-of-concept prototype tools.
The acquisition expands SyBridge's capabilities to offer complex precision tooling products 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."