Ever-acquisitive SyBridge Technologies LP has added another company to its stable, purchasing mold maker Cavaform International LLC of St. Petersburg, Fla.
Cavaform is SyBridge's 15th acquisition since it was launched in 2019 by New York private equity firm Crestview Partners. SyBridge has been collecting companies across end markets, including several mold and toolmakers, and is one of numerous private equity-backed firms that appear to be working toward vertical integration via acquisitions.
Cavaform ranked No. 52 in Plastics News' annual survey of North American mold makers, with estimated sales of $11 million.
The rapidly growing, Southfield, Mich.-based SyBridge ranked No. 3 with $184 million in related sales. It also has operations in Mexico, Canada and Ireland.
Cavaform will add to SyBridge's presence in the high-precision life sciences market. Cavaform subsidiary Modern Technical Molding & Development is an injection mold testing and production facility, also in St. Petersburg. MTM&D serves the life sciences, medical disposables, IV catheter tipping tool industries and personal care markets.