Cadrex Manufacturing Solutions, a Core Industrial Partners-backed provider of sheet metal and machined production parts, has bought IDL Precision Machining, an engineering-focused manufacturer of precision components and assemblies.
IDL provides computer numerical control (CNC) machining to customers from design and concept engineering to production within the aerospace and defense end markets.
“We believe IDL is a highly synergistic add-on to Cadrex. In addition to broadening the platform’s reach to include new, market-leading customers across numerous segments within the attractive aerospace & defense sector, the acquisition of IDL also provides incremental complex precision machining capabilities and a compelling new geographic location in the Pacific Northwest,” comments Matthew Puglisi, partner at Core.
Winston & Strawn LLP provided legal representation to Cadrex and Core in the transaction.