MGS refinances debt through private equity firm #CRAIN'SCLEVELANDBUSINESS @plasticsnews @resilient_ent #Privateequity #Debt

Cyprium Investment Partners LLC of Cleveland, a private equity firm focused primarily on noncontrol investments, said it has made a $15 million subordinated debt investment in MGS Mfg. Group Inc.

The Germantown-based injection molder will use Cyprium’s investment to refinance a portion of its existing debt and to support continued domestic and international growth. MGS, founded in 1982, also provides mold-making engineering services and equipment design. 

The company, which has six locations in three countries, specializes in complex, multi-shot molded products. 

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