Wirenet Image Band
wirenet.org mobile image band

Wire Journal News

Investment firm expands its industry roster with addition of 2nd manufacturer this year

Indiana-based Breyden Products, Inc., has been acquired by private investment firm Auxo Investment Partners, the second acquisition of a wire and cable industry supplier it has made this year.

A press release said that Breyden Products—which manufactures military-specification braided lacing tapes, twines, cords and sleeving used to secure and protect electrical components in the electric motor, defense and aerospace markets—will operate under the Precision Products Group (PPG) platform and brand. PPG is the parent company of Paramount Tube, a manufacturer of industrial tubing based in Fort Wayne that Auxo acquired in 2020.

“The Breyden team is beyond excited about the partnership with Auxo, PPG and their portfolio of world class manufacturers,” said Breyden Products Vice President of Sales Mike Zuber. “Our deep and long-standing relationships with leading channel partners will support the continued growth and diversification of PPG in the aerospace, defense and electrical markets.”

The release said that the deal advances plans to develop a diversified platform of niche manufacturers. The combination of Breyden and PPG’s Paramount Tube division is expected to expand market share in the electric motor market.

Earlier this year, Auxo acquired California-based Golden State Assembly, a wire harness and cable assembly manufacturer based in Fremont, California. GSA founders Cesar and Yesenia Madrueno will retain a significant interest in the company and will remain in their operating roles.

Read 436 times Last modified on August 2, 2022