RE3DTECH + GoProto Acquires Phoenix Proto Technologies
Phoenix Proto Technologies is a provider of on-demand manufacturing services with expertise in rapid tooling and injection molding.
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March 17, 2023
CORE Industrial Partners, a manufacturing, industrial technology, and industrial services-focused private equity firm, announces the acquisition of Phoenix Proto Technologies, provider of on-demand manufacturing services with expertise in rapid tooling and injection molding, by CORE portfolio company RE3DTECH + GoProto.
Phoenix Proto specializes in design, production-quality aluminum tooling and injection molding services for prototype through production quantity parts. In addition to tooling and injection molding, the company also offers CNC machining and additive manufacturing services. Founded in 2008 and headquartered in Michigan, Phoenix Proto serves customers in the medical, aerospace & defense, consumer, and industrial end markets.
“Phoenix Proto’s unique in-house capability drives a differentiated value proposition that has resulted in a reputation for excellent turnaround times and flexible, consultative customer service,” says Rock Lambert, operating partner at CORE and chairman of RE3DTECH. “The company’s injection molding expertise complements our additive manufacturing and CNC machining capabilities at RE3DTECH, expanding our ability to offer both prototyping as well as production volumes across technologies. We are excited to continue to broaden our service offering and cover more needs of our valued customers.”
“Since I founded Phoenix Proto, we have been committed to helping our customers turn their design concepts into quality products by leveraging our depth of technical knowledge and best-in-class engineering solutions,” says Bob Lammon, founder of Phoenix Proto. “Our family, along with a great employee base, have built a differentiated business over the last 15 years, and we believe RE3DTECH is a perfect fit in terms of both culture and long-term strategy. We’re proud and excited to have CORE as a partner as we enter a new chapter of growth for Phoenix Proto.”
Winston & Strawn LLP provided legal representation to CORE in the transaction.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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