CORE Industrial Partners, a Chicago-based private equity firm, has announced the acquisition of Haven Manufacturing, a full-service contract manufacturer of highly engineered components, by CORE portfolio company CGI Automated Manufacturing. Haven is the fourth add-on acquisition to the CGI platform launched by CORE in August 2021.
Specializing in components for medical devices, medical equipment and related applications, Haven provides a full suite of manufacturing services, including design assistance, prototyping, EDM, waterjet, laser etching, blasting, grinding and passivation, as well as broad CNC machining capabilities to supply precision parts in lengths from less than one inch up to 85". The company's metrology division augments its medical products manufacturing focus, providing contract measurement services for the medical, aerospace and defense, industrial and consumer end markets.
Founded in 1966, Haven operates two facilities with more than 60,000 total sq. ft. in Grand Haven, MI, and Ossian, IN. The company holds ISO 13485, ISO 9001 and ISO 17025 certifications and is FDA-registered and ITAR-compliant.
TJ Chung, Senior Partner of CORE and Chairman of CGI, said, "Haven is strategically located to serve leading medical device and equipment manufacturers in Northeast Indiana and Southwest Michigan. The company's deep experience in the medical end market fits extremely well with CGI's focus on serving attractive, growing industries requiring tight tolerances for mission-critical applications."
Len Feddema, President of Haven Manufacturing, said, "My partners and I believe in the fundamental element of teamwork, with pride and respect for our employees and customers. We believe the quality of the entire team and its involvement in problem-solving has been, and continues to be, the crucial component to our success. In collaboration with CGI and CORE, we are excited to expand beyond Haven to even better serve our valued customers."
For more information contact:
CORE Industrial Partners
150 N Riverside Plaza, Ste. 2050
Chicago, IL 60606
312-566-4880
inquiries@coreipfund.com
www.coreipfund.com
CGI Automated Manufacturing
275 Innovation Drive
Romeoville, IL 60446
815-221-5310
www.cgiautomatedmanufacturing.com
Haven Manufacturing
370 Sterling Industrial Park
Brunswick, GA 31525
912-265-7536
www.havenmanufacturing.com