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CORE Industrial Partners Acquires Hayes Manufacturing Services



Hayes Manufacturing Services, Inc. a rapid prototyping manufacturer of precision-machined plastic and metal components, has been acquired by CORE portfolio company Prototek Sheetmetal Fabrication LLC.

Headquartered in Silicon Valley, Hayes offers rapid prototyping and low-volume precision machining services for a blue-chip customer base primarily in the medical, aerospace, robotics and electronics end markets. Founded in 1991, Hayes has nearly three decades of experience working closely with customers to manufacture products meeting stringent dimensional and aesthetic requirements, including tolerances as tight as one ten-thousands of an inch. Hayes holds a variety of certifications and compliance designations, including ISO 9001, ITAR, FDA and CDPH.

John May, Managing Partner and Founder of CORE, said, "Our investment in Hayes is a great example of our continuing interest in building market leaders in the industrial sector that can benefit from CORE's resources and expertise to enhance its growth and strategic position. We are very pleased to complete this strategic acquisition and look forward to working collaboratively with the Hayes and Prototek teams."

Matthew Hayes, President and Founder of Hayes, said, "On behalf of myself and all Hayes employees, we are very excited to join the Prototek team. Both Hayes and Prototek are widely recognized for their outstanding customer service, and we are excited to leverage our complementary capabilities, customer bases and geographic footprints to accelerate the growth of the combined businesses."

Matthew Puglisi, Partner of CORE, said, "Hayes' consultative customer service approach and leading technical capabilities have engendered a recurring, loyal customer base that values the company's accessibility, flexibility and insight regarding everything from materials to manufacturability. The acquisition of Hayes serves as a representative example of our intention to build a leading rapid prototyping service provider, in part, through highly complementary acquisitions."

For more information contact:

Hayes Manufacturing Services, Inc.

1178 Sonora Court

Sunnyvale, CA 94086

408-730-5035

mail@hayesms.com

www.hayesms.com

Prototek Manufacturing, LLC 

244 Burnham Intervale Rd.

Contoocook, NH 03229 

800-403-9777

www.prototek.com

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