SyBridge Technologies, a global tooling and mold company headquartered in Southfield, today announced that its Concours Technologies subsidiary has acquired Toolplas Systems Mexico S. de R.L. de C.V. in Queretaro. Terms of the transaction were not disclosed.
The acquisition enables SyBridge to add a dedicated service center in the Queretaro area, where significant injection molding production is located, SyBridge says. It also allows Concours’ existing production facility in Puebla, Mexico to focus on mold design, manufacturing, and validation.
The addition of this Queretaro service center increases SyBridge’s customer service network to four dedicated service facilities in North America; it will complement other locations in Alabama, Tennessee, and Ontario, Canada.
“Queretaro is strategically located, having a service center there helps us to better meet customers’ engineering changes, mold repair, and maintenance needs in Mexico,” says Tony Nardone, CEO of SyBridge. “We now have dedicated service centers in all three countries under USMCA and will add several more to match the manufacturing footprint of our customers. Building an industry leading technology and service business is a key element of SyBridge’s overall growth strategy.”
SyBridge Technologies was established in 2019 by New York private equity firm Crestview Partners to create a global technological company that provides value-added design and production solutions across multiple industries. Concours Technologies was founded in 1994 and formerly known as Concours Mold. It designs, manufacturers, and repairs tools and molds for its customers.