SyBridge Technologies, a global industrial technology company based in Southfield, today announced it has completed the acquisition of Pyramid Mold and Tool, marking the company’s fifth acquisition in the last 10 months.
Rancho Cucamonga, Calif.-based Pyramid is a leading manufacturer of precision multi-cavity plastic injection molding tools focusing on the life sciences industry while also serving personal care and select industrial markets. The company was founded in 1995.
The transaction further expands SyBridge’s customers base and footprint in the life sciences end-markets. It also will add to the company’s capabilities to offer highly complex precision tooling solutions for the life sciences and other target industries.
As 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,” says 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.”
New York City-based private equity firm Crestview Partners established SyBridge Technologies 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 technological capabilities.
“Pyramid’s superior capabilities in high precision tooling are an ideal fit with our platform and will allow us to better support our customers,” says Bill McDonough, president of SyBridge’s Life Sciences Business Unit. “We are excited to welcome our new employees and work together to continue to provide the quality and innovation essential to our customers’ success.”