Sheet metal machinery manufacturer MultiCam has been purchased by a private investment firm. Terms were not disclosed.
MultiCam was bought by Dallas-based Rosewood Private Investments May 12.
“It was important for MultiCam to find a partner who shares our values, supports U.S. manufacturing, values our technology center network, and has a talented team that will help us grow well into the future,” said MultiCam President and CEO Kris Hanchette.
The family-owned investment firm has a history of helping manufacturing businesses grow, MultiCam officials said. The company’s current management team will remain with the company.
“Rosewood brings more to the table than just capital, and their team will be able to help MultiCam with strategy, lean manufacturing and much more,” Hanchette added. “We will work together to continue building a foundation that is not only good for growth, but will ensure that MultiCam can thrive well into the future.”