Southfield, MI – SyBridge Technologies announced that its subsidiary, Concours Technologies, has completed the acquisition of the assets of Toolplas Systems Mexico S. de R.L. de C.V. This transaction marks the further expansion by SyBridge in the service business, especially in serving customer needs in Mexico. New York based private equity firm Crestview Partners established SyBridge in 2019 and committed $200 million of equity to create a market leader spanning across end markets, geographies and advanced technological capabilities to provide value-added solutions to its customers.
Acquisition of the Toolplas Mexico assets enables SyBridge to add a dedicated service center in the Queretaro area, where significant injection molding production is located. It also allows Concours’ existing production facility in Puebla, Mexico, to focus on mold design, manufacturing and validation. The addition of this Queretaro service center increases SyBridge’s customer service network to four dedicated service facilities in North America; it will complement other locations in Alabama, Tennessee and Ontario, Canada.
“Queretaro is strategically located; having a service center there helps us to better meet customers’ engineering changes, mold repair and maintenance needs in Mexico,” said Tony Nardone, CEO of SyBridge. “We now have dedicated service centers in all three countries under USMCA and will add several more to match the manufacturing footprint of our customers. Building an industry leading technology and service business is a key element of SyBridge’s overall growth strategy.”