By: Jessica Holbrook
December 18, 2012
NORTH ROYALTON, OHIO (Dec. 18, 12:35 p.m. ET) — Custom injection molder Laszeray Technologies Inc. has been recapitalized by company management and an undisclosed investor.
The recapitalization will allow the company to continue to grow and provide customers with the “high-quality products and exceptional customer service they have come to expect,” said Raymond Sueffert, founder and CEO of Laszeray, in a news release.
Details of the recapitalization were not disclosed. Western Reserve Partners LLC, Laszeray’s exclusive investment banker for the transaction, announced the recapitalization in a Dec. 18 news release.
Laszeray, based in North Royalton, offers tooling, design, prototyping and printing capabilities. In 2010, the company underwent its latest expansion, adding warehouse space and more than $1.3 million in new equipment to its approximately 39,000-square-foot facility.