Long Point Capital News

Precision Products Group Completes Two Add-on Acquisitions

Long Point Capital is pleased to announce that its portfolio company Precision Products Group, Inc. ("PPG") has acquired Phenix Tube Corp. (“Phenix”) and Euclid Spiral Paper Tube Corp. (“Euclid”).  Phenix, headquartered in Fort Wayne, Indiana, is a niche manufacturer of small diameter spiral-wound tubes and cores for military, automotive, electrical, packaging, masking and display applications that require tight tolerances, unique materials or difficult-to-produce shapes. Euclid, based in Apple Creek, Ohio, is a converter of raw materials for the medical packaging market and a manufacturer of single dose medical packaging equipment for hospitals, pharmacies and long-term care facilities. Euclid also manufactures small diameter, spiral wound tubing for a variety of niche markets.

David Hooe, CEO of PPG said: “We’re excited to have Phenix Tube and Euclid Spiral join the Precision Products Group portfolio of companies. Both fit well into our strategic vision and strengthen the base from which to expand our business in both tubing and medical packaging”.

The addition of both Phenix and Euclid further Long Point’s acquisition-driven growth strategy to broaden PPG’s product offering and expand its manufacturing capabilities.