Producto Group formation by Culper Capital backed by pair of lenders

Capital Southwest Corp. and CIBC provided financing for Culper Capital Partners' acquisition of Ring Precision Components, New Vision Industries and Dieco to form The Producto Group. Additional details of the financing were not disclosed.

Culper Capital acquired the Ring Precision and Dieco businesses in a carve out from The PMT Group and acquired New Vision from its majority shareholder.

The Producto Group, through the Ring Precision and New Vision businesses, is a contract manufacturer and provider of precision tooling and components for a variety of industries, including the medical, semiconductor, aerospace and defense markets. Its distribution arm, Dieco, provides custom springs, die springs, accessories, die sets and other components.