Auxo Investment Partners acquires steel rule die manufacturer GC Dies
November 11, 2020Private investment firm Auxo Investment Partners has acquired GC Dies, a steel rule die manufacturer based in Elmhurst, Illinois, a suburb of Chicago.
The deal marks Auxo’s ninth acquisition in the firm’s inaugural investment fund, Auxo Growth Holdings I LLC, which closed in the fall of 2018. It is Auxo’s fifth acquisition under the Auxo Die Holdings platform, a growing portfolio of industry-leading cutting die manufacturers the investment firm has acquired in recent years.
Founded in 2000, GC Dies is one of the leading steel rule cutting die
manufacturers in the country. The company, which has 50 employees and operates
from a 37,500-square foot facility, focuses on flat corrugated, rotary
corrugated and flat steel rule die production.
The purchase of GC Dies follows Auxo’s previous acquisitions of cutting die
manufacturers Atlas Die, AtlasFlex, Bernal Rotary Dies, Midway Rotary Die
Solutions, and DieCraft Engineering & Manufacturing – and further expands a
fully integrated family of converting solution companies, each offering a wide
selection of purpose-built dies, tools, systems and technical converting
expertise.
“We are bringing the industry’s leading converting solution companies together
to create the most comprehensive service offering available in the industry,
and the addition of GC Dies is an important step in the process,” says Jerry
Mosingo, chief executive officer of the Auxo Die Holdings platform. “As we
continue to expand – and service many of the world’s leading converting
companies – we know our fully integrated solutions can meet virtually any
challenge.”
In addition to aligning with increasing customer demand for a single-source,
full-service partner, the acquisition presents an opportunity to modernize Auxo
Die Holding’s equipment and manufacturing facilities in Chicago for the
expanding platform. Company leaders plan to move Atlas Die’s Chicago operations
to Elmhurst, where GC Dies has capacity for continued growth.
Auxo Die Holdings’ platform of converting solution companies featuring a fully
integrated, end-to-end service offering will formally unite under a single
brand in Q1 2021.