Precision Products Group

What Precision Products Group does

Precision Products Group (PPG) is a privately held roll-up of six niche specialty manufacturers operating as a portfolio company of Michigan-based private equity firm Auxo Investment Partners. Founded in 1980 and headquartered in Indianapolis, Indiana, the group employs 101–250 people across six manufacturing facilities in the U.S. Midwest and a majority-owned joint venture in China. PPG's subsidiaries include Euclid Medical Products (multi/unit dose pharmaceutical packaging and barcoding, acquired Sept 2020), Paramount Tube (custom tubing for electrical, medical, packaging, and consumer-packaged-goods applications, acquired Oct 2020), Breyden Products (military-specification lacing tapes, twines, cords, and braided sleeving, acquired June 2022), Saylor Technical Products (flexible non-metallic wire and hose protection, acquired March 2023), Cindus Corporation (creped papers for oil-filled transformers and packaging under the Insulstretch and X-crepe trademarks, acquired January 2025), and PPG International (insulation sleeves — PET, Kapton, Nomex, Kraft Paper — manufactured in China).

PPG's product technology is grounded in physical precision manufacturing processes including custom tubing extrusion, military-spec braiding, creping and calendering of kraft paper, and slitting/rewinding/laminating/saturating/flame retarding/coating operations carried out under ISO-certified converting services. Each operating company retains its own brand identity, sales force, and product page while sharing a federated enterprise field sales motion, dedicated engineering teams, and direct B2B engagement.

The company makes money through direct hardware sales of these custom-engineered and off-the-shelf precision components to enterprise customers in the medical, aerospace, defense, electrical, automotive, specialty packaging, and consumer packaged goods industries worldwide. Pricing is quote-based and bespoke rather than published, reflecting the custom-engineered nature of most orders. Distribution is direct-to-customer via enterprise field sales and engineering-led specification work, with no public pricing, no software/API layer, and no consumer-facing channels. The stated value proposition rests on long-term customer retention, in-house engineering for customization, and category leadership in each niche.

Name

Precision Products Group

Legal name

Precision Products Group

Website

https://ppgintl.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

Precision Products Group is an Auxo Investment Partners-backed roll-up of six niche U.S. and China-based specialty manufacturers serving medical, aerospace, defense, electrical, automotive, and packaging OEMs via direct enterprise sales of custom precision components.

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Precision Manufacturing Products: B2B manufacturing and sale of precision-engineered products across multiple categories including tubing, papers, tapes, medical packaging, and wire protection. Revenue generated from product sales to industrial, aerospace, defense, medical, and electrical customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Precision Products Group is a family of six specialized manufacturing companies that produces precision-engineered physical products including custom tubing, creped papers for oil-filled transformers, military-specification lacing tapes and sleeving, multi/unit dose pharmaceutical packaging and barcoding systems, flexible non-metallic wire and hose protection, and insulation sleeves. Operations span six manufacturing facilities in the U.S. Midwest and China, serving enterprise customers in the medical, aerospace, defense, electrical, automotive, pharmaceutical, specialty packaging, and consumer packaged goods industries.

Product overview

Precision Products Group (PPG) is a family of manufacturing companies organized as a portfolio under private equity firm Auxo Investment Partners. Rather than a single unified product platform, PPG operates as a holding company for six distinct acquired manufacturing brands: Euclid Medical (multi/unit dose packaging and barcoding systems), Cindus Corporation (creped papers for transformers and packaging), Paramount Tube (custom tubing), Breyden Products (military specification lacing tapes and sleeving), Saylor Technical Products (wire and hose protection), and PPG International (insulation sleeves in China). These companies collectively serve the medical, aerospace, defense, automotive, electrical, pharmaceutical, specialty packaging, and consumer packaged goods industries worldwide, with six manufacturing facilities in the Midwest and China.

Differentiator

Problem solved

Functional benefit

Brands

• Paramount Tube: Premier manufacturer of custom tubing for electrical, medical, packaging, consumer-package-goods, and eco-friendly markets.
• Breyden Products
• Cindus Corporation
• Euclid Medical Products
• Saylor Technical Products

Products and services

• Paramount Tube Premier manufacturer of custom tubing for electrical, medical, packaging, consumer-package-goods, and eco-friendly markets. Specializes in high performance tubing for critical applications.
• Breyden Products Manufactures a complete line of military specification lacing tapes, twines and cords along with commercial grade braided tapes and sleeving. Recognized as the worldwide leader and often sole source for many large OEMs.
• Cindus Corporation Leading manufacturer of creped papers under the trademarks Insulstretch and X-crepe, serving the oil-filled transformer, automotive, transformer, and flexible packaging markets. Products include high and low density crepe and creped/calendered products made from high quality kraft paper, with ISO Certified converting services including creping, slitting, rewinding, sheeting, laminating, saturating, flame retarding and coating.
• Euclid Medical Products Provides high-quality, efficient multi/unit dose packaging and barcoding systems for hospital/retail pharmacies, long-term care facilities, and third-party re-packagers. Trusted partner in pharmacy packaging for more than 50 years.
• Saylor Technical Products Manufactures flexible, non-metallic wire and hose protection (sleeving and loom) and specialty cords and tapes. Has been in operation for over a century, serving demanding industrial customers with cost-effective products.
• PPG International (China) Majority-owned joint venture facility located in China specializing in the production of various insulation sleeves including PET sleeves, Kapton sleeves, Nomex sleeves, and Kraft Paper sleeves.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• AptarGroup: AptarGroup is a global supplier of dispensing systems, seals, and specialty packaging for pharmaceutical and consumer products — a broad incumbent whose offerings overlap with PPG's medical packaging and sleeving product lines.
• Amcor: Amcor is a global packaging conglomerate serving healthcare, food, and consumer products with flexible films, rigid containers, and specialty components — a broad incumbent against which PPG's medical/flexible packaging businesses compete.
• HellermannTyton: HellermannTyton (an Aptiv company) manufactures cable management, identification, and wire/hose protection products for automotive, industrial, and aerospace customers — a broad incumbent comparable to Saylor Technical Products.
• Sonoco Products: Sonoco is a diversified global manufacturer of industrial and healthcare packaging including tubes, paper-based products, and protective packaging — a broad incumbent comparable to PPG's combined tubing, paper, and packaging portfolio.

Direct peers

• Spectrum Plastics Group: Spectrum Plastics Group produces custom plastic tubing, films, and medical components for medical and industrial OEMs — directly comparable to PPG's Paramount Tube and medical packaging divisions.
• Parata Systems: Parata Systems supplies pharmacy automation and unit-dose packaging systems to hospital and retail pharmacies — directly comparable to Euclid Medical Products' multi/unit-dose pharmacy packaging franchise.
• NewAge Industries (AdvantaPure): NewAge Industries manufactures custom tubing (silicone, plastic, fluoropolymer) for medical, pharmaceutical, and industrial use — directly comparable to Paramount Tube's high-performance custom tubing franchise.
• Bally Ribbon Mills: Bally Ribbon Mills is a custom narrow-fabric weaver producing lacing tapes, cords, webbing, and braided tapes for military, aerospace, and industrial applications — directly comparable to Breyden Products' mil-spec lacing and sleeving business.
• Capsa Healthcare (TCGRx): Capsa Healthcare, through TCGRx, supplies automated medication packaging, dispensing, and cart-fill systems to long-term care and hospital pharmacies — overlapping directly with Euclid Medical's pharmacy unit-dose packaging customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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• LinkedInlinkedin.com/company/precisionproductsgroupinc-

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precision Products Group