Private equity firm CORE Industrial Partners (Chicago, IL) has completed its acquisitions of Incodema (Ithaca, NY), a precision sheet metal engineering solutions provider, and Newchem (Newcut; Newark, NY), a photochemical etching manufacturer. The two acquisitions have resulted in the formation of Incodema Holdings, LLC, which will specialize in micro, intricate parts and serve customers from prototype through high-volume production.
Incodema offers internal sheet metal cutting and forming solutions, including laser, micro waterjet, specialty stamping, multislide, and welding, among others, that allow the company to generate typical turnaround times of 6–8 days for complex, tight-tolerance parts. Further, with the capability to design and build all tooling in-house, the company serves as a turnkey supplier to customers as prototypes transition to longer-run production.
Newcut offers the ability to photochemically etch dozens of different materials, including exotic materials such as Inconel 625. The company offers product solutions ranging from screens and filters to encoders, RIF/EMI shielding, and signage, among other applications.
Both companies serve diversified end markets, with expertise in the aerospace and defense, electronics, and medical sectors. Based in upstate New York, Incodema Holdings, LLC operates two facilities and holds certifications and compliance designations, including AS9100 Rev. D, ISO 9001, and ITAR.