Mosaic acquires 75 pct of Circle 5 Tool & Mold for $27 mln
Canadian private equity firm Mosaic Capital Corp has acquired a 75 percent interest in Circle 5 Tool & Mold Inc, a Windsor, Ontario-based supplier of molding solutions to automotive parts manufacturers. Mosaic bought the stake for $27 million in cash. Saylo Lam, Circle 5's president and operating shareholder, who will hold the remaining 25 percent interest, said the deal will support organic and acquisition growth opportunities. Founded in 1987, Circle 5 has a global customer base that includes such automotive brands as BMW, Ford, Volkswagen, General Motors, Toyota, Daimler and Tesla. It operates from a 50,000 square-foot facility in Windsor.
1 November 2017•3 mins read
