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.… Read this article