SyBridge Technologies announced that it has completed the acquisition of X-Cell Tool & Mold, marking its first acquisition in the medical tooling industry.
Fairview, Pa.-based X-Cell manufactures close-tolerance and multi-cavity plastic injection molds primarily for the medical industry. Its acquisition expands SyBridge’s tooling capabilities to include highly complex precision tooling solutions necessary for medical devices.
“X-Cell is a strong beginning to SyBridge building a leading franchise in the medical tooling industry,” said SyBridge CEO Tony Nardone in a news release. “Through continuing to grow with new and existing customers and targeted acquisitions which will complement X-Cell, we are highly optimistic about our growth prospects within the medical industry.”
“X-Cell is a terrific addition to SyBridge Technologies,” added Ron Novel, CEO of X-Cell. “We are proud to become the anchor for a new medical business unit. Becoming part of SyBridge is a win-win situation for X-Cell and our employees and we look forward to accelerating growth and expanding our ability to service our customers as part of SyBridge.”
SyBridge is located in Southfield, Mich.
