Auxo Investment Partners, a Grand Rapids, Mich.-based private investment firm, has purchased Saylor Technical Products LLC, which will operate under the Precision Products Group brand.
Headquartered in Grand Rapids, Ohio, Saylor began as a manufacturer of flexible, non-metallic wire and hose protection and has since expanded into cords and tapes. The company primarily serves the antique auto, aerospace, wire and cable and electrical markets. The deal looks to drive Auxo’s and PPG’s plans to build a platform of niche manufacturers under a collective focus on heat solvation, thermal control and electrical insulation.
“Their extensive expertise and strong track record of developing innovative and reliable technical solutions will further enhance PPG’s ability to meet its customers’ needs and bolster its current growth trajectory,” says Chad Heathco, CEO of Precision Products Group.