“This additional financing comes at a very exciting time in our company, as we continue to gain momentum and attention in the manufacturing industry,” said Geoff Reed, CEO of Creation Technologies. “We chose this time to bring on a second blue-chip financing partner because of the increases we anticipate as a result of ongoing acquisitions and organic customer growth. We are looking forward to a very busy year.”
The company’s objective is to increase revenues by upwards of 40 percent by continuing to win new customers and growing its existing customer base through increased service offerings. In the past 15 months, Creation Technologies has welcomed 15 new customers and expects this pace to accelerate in the future.
“Creation Technologies has a strong and dedicated team of people, a strong position in the growing mid-tier North American contract manufacturing sector and tremendous growth potential with the momentum of recent customer wins and acquisition opportunities. We look forward to partnering with Creation Technologies.” said Chris Hind, Executive Director of CIBC Capital Partners – Merchant Banking Group.
About Creation Technologies
Creation (www.creationtech.com) provides total product lifecycle solutions including turnkey design, rapid prototyping, manufacturing and fulfillment to its customers around the world. Since 1991, Creation has been focused on making it easy for OEMs to ‘say yes’ to their customers. The company of approximately 3,000 people operates nine manufacturing locations, two design centers and a rapid prototyping center in the USA, Canada, Mexico and China. Its OEM customers are in the Industrial & Instrumentation, Medical, Communications, Transportation, Aerospace, Defense & Security, and Energy & Environmental markets.