SyBridge Technologies, a Southfield-based global industrial technology company established in 2019 by Crestview Partners, announced today that it has acquired Calframax Technologies Inc.
This transaction marks SyBridge’s 12th acquisition since its inception and first acquisition focused on expanding its presence in the consumer end-market. Terms of acquisition were not disclosed.
“Calframax is an exciting expansion into rigid plastic mold making and continues our vision of building a leadership position in consumer goods markets,” says 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.”
Founded in 1995 and headquartered in Oldcastle, Ontario, Calframax constructs precision molds and manufactures rigid plastic molds, serving both the consumer goods and industrial pails market. Calframax also supports its customers throughout the production process, from design and engineering to aftermarket parts, spares, and repairs.
“Calframax owners Joe Gasparovic and Ray Little have done a great job in building a top tier consumer tooling company,” says Bill McDonough, president of SyBridge’s consumer and life sciences business units. “The entire Calframax team will strengthen the Sybridge franchise. We are excited to welcome new team members and work together to support our customers’ continued growth investments.”
Gasparovic and Little add: “We are very pleased to be part of SyBridge Technologies. 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.”