CORE Industrial buys Midwest Composite
Summary
For three decades, Midwest Composite has been on the cutting edge of the burgeoning additive manufacturing industry, and now with access to CORE’s extensive resources and network of seasoned operating professionals, we are eager to work together to drive explosive growth in the business.”TJ Chung, Senior Partner at CORE, who will become Chairman of the MCT Board of Directors, said, “MCT’s full suite of in-house additive manufacturing technologies facilitates industry-leading turnaround times, including same-day processing and shipping.Our investment in the Company is representative of our desire to acquire leading lower middle market industrial technology businesses where we can utilize our unique experience as both investors and operators to identify and execute against a clear set of value creation initiatives.”CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience and a proven track record of building market leading businesses.Midwest Composite Technologies is a leading additive manufacturer of prototype and low-volume production components for a variety of end markets, including medical, aerospace, research & development, consumer and general industrials.