PrecisionX Group Acquires New York-Based Ditron, Inc.
August 28, 2024
PrecisionX Group Acquires New York-Based Ditron, Inc.
PrecisionX Group, a portfolio company of CORE Industrial Partners (CORE), recently acquired Stormville, NY-based Ditron, Inc. (Ditron), a manufacturer of small, micro, and micro-miniature stamped parts and components for critical use applications in multiple growth industries, including aerospace, defense, medical, and semiconductor.
“Ditron brings a wealth of engineering experience, offering customers a seamless partnership from product design and proof-of-concept through full-scale production and delivery,” said Chris Huntington, CEO of PrecisionX. “The addition of Ditron is a strategic milestone for PrecisionX as it enhances our core capabilities and expands our portfolio to include manufacturing of small, micro, and micro-miniature stamped parts.”
Ditron is recognized for its high-quality components. It offers precision-engineered solutions that provide high-quality, tight-tolerance parts for demanding applications. Its capabilities include progressive die stamping, reel-to-reel stamping, heat treating, and in-house custom tool design to ensure the highest quality micro and micro-miniature stamped components.
Located in Stormville, NY, Ditron’s 32,000-square-foot manufacturing facility is ISO 9001 certified and RoHs and IATF 1649 compliant.
Ditron, Inc., joins a specialized group of contract manufacturers at PrecisionX, including National Manufacturing, known for complex deep-drawn components and precision machining; GEM Manufacturing, experts in precision deep-drawn metal components; and Coining Manufacturing, a leader in progressive stamping and Swiss machining of high-performance alloys such as Inconel. These companies strengthen PrecisionX’s position as a key provider of advanced manufacturing solutions.
For a complete listing of Ditron’s capabilities, please visit www.ditroninc.com.
ABOUT PRECISIONX GROUP:
PrecisionX Group provides precision metal components for critical-use applications in growth-oriented end markets, including aerospace & defense, medical device, satellite and space, electric vehicle, mining, semiconductor, and other industrials. Headquartered in Waterbury, Connecticut, the company utilizes deep draw and progressive stamping, as well as Swiss screw, CNC, and wire EDM machining technologies to manufacture high-precision components from prototyping through high-volume production. For more information, visit www.precisionxmfg.com.
ABOUT CORE INDUSTRIAL PARTNERS: CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American lower middle-market manufacturing, industrial technology, industrial services, and consumer products businesses. With offices located in Chicago, Austin and Cleveland, CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com
