SyBridge Technologies Completes Active Industrial Solutions Acquisition
Transaction to create a transformative company to better meet customer needs in today’s global tooling industry.
SyBridge Technologies (Southfield, Michigan) a global technological leader in the tooling and mold industry announced in February that its subsidiary, Concours Technologies (Ontario, Canada), has completed the acquisition of manufacturer Active Industrial Solutions Inc. (Ontario) and Active Industrial Solutions Tennessee Inc. (collectively AIS, Winchester). This transaction marks the further expansion by SyBridge in the mobility tooling industry, especially in the fast-growing lighting, fascia and grille segment (X-Cell Tool and Mold (Fairview, Pennsylvania) and Custom Mold & Design (Forest Lake, Minnesota) are other, more recent investments).
It is said that the combination of AIS and Concours will create the largest tooling and mold solutions provider in North America. In addition to greater economy of scale, this acquisition will also expand Concours’ capabilities in highly complex precision tooling solutions for lighting applications.
Headquartered in Windsor, Ontario, AIS is a leader in engineering, manufacturing and servicing complex plastic injection molds and lighting reflex components for the mobility industry. Founded in 1977, AIS has grown from a moldmaker to a tooling solutions provider by continuously investing in the latest technologies and maintaining a strong commitment to lean manufacturing.
“AIS has been a strong player with an excellent reputation in quality and operations. Taking the best from both companies, we will create a transformative company to better meet customer needs in today’s global tooling industry,” says Andy Aiton, president of Concours. “The combined company will have a strong footprint across Canada, U.S., Mexico and Asia. This is a major step in our effort to build unmatched ability to take on large global tooling programs in the future.”
Tony Nardone, CEO of SyBridge, adds, “This transaction also includes a dedicated service facility in the southern U.S., which gives us a total of four customer service centers in North America. As we look to the future, service and technology are key drivers of our growth strategy.”
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