M&A Deal Summary

Precision Products Group Acquires Cindus

On January 27, 2025, Precision Products Group acquired forest products company Cindus

Acquisition Highlights
  • This is Precision Products Group’s 1st transaction in the Forest Products sector.
  • This is Precision Products Group’s 3rd transaction in the United States.
  • This is Precision Products Group’s 1st transaction in Ohio.

M&A Deal Summary

Date 2025-01-27
Target Cindus
Sector Forest Products
Buyer(s) Precision Products Group
Deal Type Add-on Acquisition

Target

Cindus

Cincinnati, Ohio, United States
Cindus manufactures crepe paper for electrical and industrial applications made from kraft paper. The properties of the base material are primarily responsible for the insulating strength of its creped product. Exact specifications for raw materials and continuous inspection of its process and the products made, assures the quality levels required for use in transformers and cable wrap. Cindus is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Precision Products Group

Indianapolis, Indiana, United States

Category Company
Founded 1980
Sector Manufacturing
DESCRIPTION

Precision Products Group with operations in the U.S and China is the parent company of Paramount Tube (Paramount) and Euclid Medical Products (Euclid). PPG is a manufacturer of precision tube and spring products for automotive, electrical insulation, medical and pharmaceutical, specialty packaging, and many other industrial and consumer products. Precision Products Group was founded in 1980 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 3 of 3
Sector: Forest Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ohio M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Saylor Technical Products

Grand Rapids, Michigan, United States

Saylor Technical Products manufactures sleeving, loom, specialty cords and specialty tapes for the antique auto, aerospace, wire and cable, and electrical markets. Saylor began as a manufacturer of a flexible, non-metallic, wire and hose protection (sleeving and loom) and has since expanded into specialty cords and tapes. Saylor primarily serves the antique auto, aerospace, wire and cable and electrical markets.

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