CLEVELAND, OHIO –CapitalWorks is excited to announce its portfolio company, Libra Industries (“Libra”), has acquired a contract manufacturing facility in Guaymas, Mexico (“Libra Guaymas”). Terms of the transaction were not disclosed.
Libra Guaymas was previously operated by Benchmark Electronics, Inc. and manufactures complex assemblies and sub-assemblies for a blue-chip customer base. The facility serves customers in aerospace & defense, medical, semiconductor and industrial end markets. Operations include sheet metal, complex assembly & systems integration and machining.
Libra Guaymas adds to Libra’s existing complex assembly, machining, fabrication, and grinding capabilities. “The facility is complementary to our current operations in Ohio and Texas and will help Libra accelerate its growth strategy by providing customers with more technical capabilities. Our goal is to provide customers with a full suite of capabilities and be a trusted partner for all of their outsourced manufacturing needs, this investment further helps us achieve that strategy,” remarked Rod Howell, CEO of Libra Industries.
With the addition of Libra Guaymas, Libra now operates five world-class manufacturing facilities, including its operations in Ohio and Texas. The company serves a diverse base of industries including medical, aerospace & defense, semiconductor and industrial. Libra Industries serves customers who require customized solutions with technically sophisticated manufacturing and quality requirements.
Libra continues to evaluate acquisitions that would augment its capabilities and end market focus.
Libra Industries, (https://www.libraindustries.com/) is a vertically integrated contract manufacturer providing electronic manufacturing services (EMS) to OEM customers in the Aerospace & Defense, Medical, Semiconductor, Communications and Industrial markets. Libra has a full suite of contract manufacturing capabilities and services including complex assembly, printed circuit board assembly, precision machining, sheet metal fabrication, wire & cable harness, engineering, distribution and electronic box build capabilities. Libra specializes in managing its customers’ entire complex bill of material for the duration of their program lifecycles.
CapitalWorks, LLC (capitalworks.net) is a Midwestern private equity firm that encourages its knowledgeable investors to partner with it in finding, vetting and owning companies. Based in Cleveland, Ohio, CapitalWorks acquires lower middle-market companies in niche manufacturing, value added distribution, and business services industries and gives them the capital, support and freedom to grow. Recent acquisitions include Libra Industries, ESSCO, Ohio Blow Pipe, and C&M Conveyor. Founded in 1999, the firm’s investors are primarily successful entrepreneurs and executives who contribute to the evaluation of investment opportunities and ongoing governance of those investments.
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