CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, industrial services, and consumer products-focused private equity firm, announced today the acquisition of Ditron, Inc. (“Ditron” or the “Company”), a provider of micro precision stamping, by CORE portfolio company PrecisionX Group (“PrecisionX”). CORE previously acquired GEM Manufacturing, a provider of precision deep drawn metal components, in February 2023, Coining, a provider of progressive die stamping and Swiss machining of high-performance alloys, in June 2023, and National Manufacturing, a provider of deep drawn metal components and precision machining, in May 2024, to form PrecisionX.

Founded in 1963 to provide precision electrical connector solutions, Ditron offers a comprehensive manufacturing solution for tight-tolerance small, miniature, and micro-miniature metal stamped components in both continuous-form and loose-piece formats with an expertise in high-volume applications. Utilizing a fleet of more than two dozen high-speed Bruderer presses capable of up to 1,600 strokes per minute, the Company annually produces billions of components from both ferrous and non-ferrous metals, including beryllium copper, phosphor bronze, stainless steel, and brass. The Company augments its primary micro precision stamping capabilities with a variety of in-house secondary and post-processing services, including deburring, heat treating and packaging.

Ditron’s engineering experience and collaborative, high-touch approach to custom tooling design and development allows the Company to understand and address specific product performance requirements to serve customers across a variety of demanding end markets, including aerospace & defense, information & communication technology, medical, electronics, and industrial. Headquartered in Stormville, New York, Ditron operates an ISO 9001-certified facility and complies with IATF 16949 and RoHs.

Matthew Puglisi, Partner at CORE, said, “The acquisition of Ditron strategically expands PrecisionX’s capability set to include high-speed, high-volume micro and micro-miniature stamping. We believe Ditron’s focus on serving critical use applications in growing end markets through a differentiated specialty manufacturing capability makes the Company an ideal fit with the platform.”

Rock Lambert, Operating Partner at CORE, said, “We see immediate opportunities to enhance the value proposition for customers of both PrecisionX and Ditron as a result of this acquisition. We’re excited to welcome the Company to the PrecisionX platform and we’re looking forward to working with the highly experienced Ditron team.”

John Goulding, President & CEO at Ditron, said, “When my partner Jeff Woodin and I acquired Ditron in 2003, we identified a compelling opportunity to drive growth in the micro precision stamping space through innovation, customer collaboration, and values rooted in respect and responsiveness. Now, more than twenty years later, we’re looking forward to partnering with CORE and the PrecisionX team in support of the Company’s next phase of growth.”

ABOUT CORE INDUSTRIAL PARTNERS:

CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American lower middle-market manufacturing, industrial technology, industrial services, and consumer products businesses. With offices located in Chicago, Austin and Cleveland, CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.

ABOUT PRECISIONX GROUP:

PrecisionX Group provides precision metal components for critical-use applications in growth-oriented end markets, including aerospace & defense, medical devices, satellite and space, electric vehicles, mining, semiconductors, and other industrial markets. Headquartered in Waterbury, Connecticut, PrecisionX utilizes deep draw and progressive stamping, as well as Swiss screw, CNC, and wire EDM machining technologies to manufacture high-precision components from prototyping through high-volume production. For more information, visit www.precisionxmfg.com.

ABOUT DITRON:

Ditron, Inc. is a provider of specialty stamping capabilities with expertise in tight-tolerance small, miniature, and micro-miniature metal stamped components for high-volume applications. The Company serves a variety of end markets, including aerospace & defense, information & communication technology, medical, electronics and industrials through a fleet of over two dozen high-speed Bruderer presses. Headquartered in Stormville, New York, the Company operates an ISO 9001 certified- facility and complies with IATF 16949 and RoHs. For more information, visit www.ditroninc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240822657694/en/