Core Industrial Partners LLC paused its acquisition tear long enough to announce Aug. 18 it is changing the name of its CGI Manufacturing Holdings portfolio business to Cadrex Manufacturing Solutions.
Core Industrial, a Chicago-based private equity firm, and Cadrex have purchased eight add-on companies in recent years. The name change is designed to unify the units under one brand that offers injection molding, computer numerically controlled machining, laser cutting, sheet metal fabrication and fastener insertion, among other services.
Romeoville, Ill.-based Cadrex's markets include energy transmission, medical information technology, aerospace and defense, materials handling, electronic gaming and food production.
The Cadrex family includes Advanced Laser, CGI Automated Manufacturing, DFF Corp., Elite Manufacturing Technologies, Haven Manufacturing, Precision Metal Fab, Richlind Metal Fabricators. Its most recent acquisition, made just last month, was injection molder and prototyper Tenere Inc. of Dresser, Wis.
"The current economic environment and advancements in technology, particularly around manufacturing, have driven continued growth, brought new clients, new teammates and new opportunities, so this is an important milestone for the business," Cadrex CEO Carey Chen said in a news release.