Core Industrial Acquires Stanfordville Machine & Manufacturing

CORE INDUSTRIAL PARTNERS PORTFOLIO COMPANY ACQUIRES STANFORDVILLE MACHINE & MANUFACTURING

Chicago, IL, January 10, 2023 – CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Stanfordville Machine & Manufacturing (“Stanfordville” or the “Company”), a supplier of precision machined components and assemblies, by CORE portfolio company RE3DTECH (“RE3DTECH”).

Founded in 1975, Stanfordville offers CNC machining and assembly services, from prototyping through full-scale production quantities, across a variety of materials, including aluminum, steel, stainless steel, brass, copper, and plastic. With an emphasis on high quality, lean manufacturing principles and innovative technologies, the Company serves customers in the semiconductor, medical, aerospace & defense, electronics, instrumentation, and packaging end markets. Headquartered in Poughkeepsie, New York, Stanfordville operates an AS9100- and ISO 9001:2008-certified facility.

Matthew Puglisi, Partner at CORE, said, “The acquisition of Stanfordville is the latest example of CORE’s demonstrated track record of partnering with multi-generation family-owned businesses. We are excited to work with the Johnsen family to build upon the excellent reputation Stanfordville has garnered over decades of providing high-quality precision manufacturing services.”

Rock Lambert, Operating Partner at CORE and Chairman of RE3DTECH, said, “Stanfordville brings highly complementary precision manufacturing technologies and geographic presence to the RE3DTECH platform that will enable us to better serve our existing customers. Further, we look forward to offering more comprehensive manufacturing capabilities, including additive manufacturing, to Stanfordville’s customer base.”

Neal Johnsen, President of Stanfordville, said, “Since Stanfordville’s inception nearly a half-century ago, we have differentiated ourselves by quickly and consistently delivering quality products for mission-critical applications. We’re excited to partner with CORE and continue to expand our family’s legacy in the next phase of Stanfordville’s growth as a part of the RE3DTECH platform.”

Winston & Strawn LLP provided legal representation to CORE in the transaction.

ABOUT CORE INDUSTRIAL PARTNERS:
CORE Industrial Partners is a private equity firm with $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a proven track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.

ABOUT STANFORDVILLE MACHINE & MANUFACTURING:
Stanfordville offers CNC machining and assembly services to a variety of end markets, including semiconductor, medical, aerospace & defense, electronics, instrumentation, and packaging. Founded in 1975, the Company operates an AS9100- and ISO 9001:2008-certified facility in Poughkeepsie, New York. For more information, visit www.stanfordville.com.

ABOUT RE3DTECH:
RE3DTECH is a provider of custom manufacturing services with a comprehensive suite of both additive and traditional manufacturing technologies. The Company specializes in additive manufacturing services for production-grade parts across a variety of end markets, including medical, electronics, consumer, automotive, aerospace and defense, automation and industrial, among others. With locations in Illinois and California, RE3DTECH offers numerous additive manufacturing capabilities, including multi-jet fusion, fused deposition modeling, selective laser sintering, stereolithography, and polyjet printing.
For more information, visit www.re3dtech.com.

Contact:

Jeremy Milner
BackBay Communications
(401) 862-9422
jeremy.milner@backbaycommunications.com

DELIVERING SUCCESS AT SCALE

My partner and I approached David at Re3dtech with our project and were greeted with kind and caring service. Throughout the last couple of months we have placed several orders in varying size and were even able to sit down with David and the owner to discuss our needs as a small business. Through this sit down we saw their passion for assisting both small and large clients in achieving their goals. We even had a hiccup with a batch of prints that was immediately addressed and remedied with precision and care. I almost don't want to recommend these guys because I feel like I have stumbled upon a hidden gem in 3D printing services and selfishly want to keep it to myself. Jokes aside we will be continuing our business relationship with the folks there and look forward to growing our order quantities and business with their help.
Re3DTech was instrumental in helping us get our product, Stroba™, to market faster! We needed a technology that could do snap fits and looks and feels as close the injection molded part as possible, and Re3D Tech was there for us. We used SOLIDWORKS Make to get in touch originally, upload models directly, and sign an NDA directly with their excellent team. It was really simple and easy to use their quoting tool as well. Excellent prices, excellent lead times, and superior quality are perfect words to describe our experience with Re3DTech. We went through many prototypes for Stroba™, and we at Goodfriend Innovations™ use Re3DTech for our other rapid prototyping jobs to help get our additional productions out to market faster than the competition. 5 Stars
I provided RE3DTECH three laser scanned ".stl" files for 3-D printing of prototypes. I used their on-line quote and file delivery process. The file acceptance and resultant quote were returned quickly. The parts were received at the quoted time. The parts are quite complex with many holes, angles, curvatures and notches. Each of the parts came out identical to the scanned parts dimensionally and passed the form/fit/function test in the upper level assembly. RE3DTECH has a high quality business process and produces high quality products. I will use them for future prototyping projects and recommend RE3DTECH.
Re3dtech is one of the most honest and reputable companies we have done business with. We decided to look into options for getting parts made in the USA for the retail market. It was awesome to find a local company with humble staff looking to provide their services meeting our criteria, not to mention meeting the Re3tech crew face to face and checking out their operation. Peter was very honest, knowledgable about design. Peter's creative element made working with him a great pleasure. Jim's flexibility was a breath of fresh air and greatly appreciated. CentralSound is proud to scratch the surface with Made in the USA parts in the retail market now, thanks to Re3dtech. Hope to do more business with them in the future.
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It is always a pleasure to have a vendor that provides quality, experience, and always shows as much care for your order, and your product as you do!