Auxo Acquires Atlas Die and Bernal
Private equity firm Auxo Investment Partners, Grand Rapids, Michigan, has made its first acquisitions with the purchases of Atlas Die LLC and Bernal LLC. Industry veteran Ken Smott will serve as CEO of both Atlas Die and Bernal.
Atlas Die provides state-of-the-art solutions for complex cutting needs in the consumer products, packaging, food and beverage, commercial print, medical and pharmaceutical industries. The company has 160 employees across six facilities in five states.
Bernal produces complex solid rotary pressure dies, crush cut dies and state-of-the-art, high-volume rotary converting systems for diecutting, food processing, folding cartons, specialty bandages and alcohol swabs and other complex products. Bernal employs 64 team members in Rochester Hills, Michigan.
Advisors on the transaction included Miller Johnson, Barnes & Thornburg, BDO, Mercantile Bank, Oxer Capital and Livingstone. For more information, visit www.auxopartners.com.