Latest news with #CORE
Yahoo
20 hours ago
- Business
- Yahoo
CORE Industrial Partners Portfolio Company PrecisionX Group Acquires Hudson Technologies
CHICAGO, July 16, 2025--(BUSINESS WIRE)--CORE Industrial Partners ("CORE"), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Hudson Technologies ("Hudson" or the "Company"), a provider of specialty deep and shallow drawn stamping, by CORE portfolio company PrecisionX Group ("PrecisionX"). The highly complementary addition of Hudson to the PrecisionX platform continues CORE's intent to build a mission-critical precision components business serving attractive end markets. Formed in 2023, PrecisionX offers specialty deep and shallow drawn and progressive stamping as well as Swiss screw, CNC, and wire EDM machining technologies for growth-oriented end markets, including aerospace & defense, medical devices, and satellite & space. The platform covers approximately 400,000 square feet of manufacturing space with more than 650 employees across seven facilities. The Company holds ISO 9001, ISO 13485, and AS9100D certifications, in addition to ITAR and FDA registrations. Founded in 1940, Hudson offers precision deep and shallow drawn stamping and progressive die stamping to manufacture metal enclosures, headers, diaphragms, and components using a variety of materials, from aluminum, stainless steel, copper, brass and titanium to specialty alloys, including Hastelloy, Haynes 242, HyMu80, Inconel, Kovar and Monel, among others. The Company augments its core stamping capabilities with dedicated in-house tool & die design and development as well as a broad selection of value-added finishing services, including annealing, anodizing, bead blasting, heat treating, painting, plating, polishing, and powder coating. Hudson serves numerous end markets, including semiconductor, electronics, and industrials, with especially deep experience in the medical and aerospace & defense sectors. The Company has manufactured deep drawn mission-critical implantable medical devices, such as cardioverter defibrillators and neuromodulation products, for approximately five decades, and produces valves, sensors, diaphragms, housings, antenna, and actuators for aerospace & defense applications ranging from engine and flight control to communication and navigation. Headquartered in Ormond Beach, Florida, with approximately 150 machines, the Company holds an AS9100 certification and an ITAR registration. Matthew Puglisi, Partner at CORE, said, "We believe Hudson, a long-recognized provider of deep and shallow drawn stamping, is an especially strong strategic fit with the PrecisionX platform. In addition to enhancing PrecisionX's specialty stamping capabilities and capacity, the acquisition deepens the platform's medical and aerospace & defense presence while aligning with its strategic focus on serving critical-use applications in those attractive end markets." Rock Lambert, Operating Partner at CORE, said, "It's a pleasure to welcome Hudson to the PrecisionX platform. We believe Hudson's impressive customer base of many industry-leading companies in demanding end markets speaks to both the Company's differentiated manufacturing capabilities and its stringent focus on quality, both of which are a compelling fit with the platform." ABOUT CORE INDUSTRIAL PARTNERS: CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American lower middle-market manufacturing, industrial technology, and industrial service businesses. With offices located in Chicago, Austin and Cleveland, CORE's team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit ABOUT PRECISIONX GROUP: PrecisionX Group provides precision metal components for critical-use applications in growth-oriented end markets, including aerospace & defense, medical devices, satellite & space, electric vehicles, mining, semiconductors, and other industrial markets. Headquartered in Waterbury, Connecticut, PrecisionX utilizes deep and shallow drawn and progressive stamping, as well as Swiss screw, CNC, and wire EDM machining technologies to manufacture high-precision components from prototyping through high-volume production. For more information, visit ABOUT HUDSON TECHNOLOGIES: Hudson Technologies provides precision deep and shallow drawn stamping and progressive die stamping, in-house tool & die design and development capabilities, and a broad selection of value-added finishing services. The Company serves a variety of end markets, including aerospace & defense, medical, electronics, semiconductor, and industrials through a fleet of approximately 150 machines. Headquartered in Ormond Beach, Florida, the Company holds an AS9100 certification and is ITAR-registered. For more information, visit View source version on Contacts Jeremy MilnerGregory FCAjmilner@ (401) 862-9422 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
17-07-2025
- Business
- CNA
The way Indonesia deals with US, EU could set bad precedent for countries looking to forge similar deals
JAKARTA: The latest trade deal between Indonesia and the United States could set a 'bad example' for countries looking to make similar arrangements with the Western superpower, according to some experts. And as US President Donald Trump's tariff threats spread ripples of economic uncertainty, analysts also cautioned against the potential pitfalls of a recently finalised agreement between the Southeast Asian archipelago and the European Union (EU). In Trump's plans to impose lofty 'reciprocal' tariffs on goods imported from almost every country and territory around the world, Indonesia was initially hit by a 32 per cent tariff on Apr 2, which was then abruptly postponed for three months to leave room for negotiations. At first, talks between Jakarta and Washington appeared to have been fruitless, with Trump informing Indonesia on Jul 7 that the tariff would remain at 32 per cent. But he has backtracked on that decision, announcing on social media on Wednesday (Jul 16) that the US tariff on Indonesian goods will be lowered to 19 per cent. The uncertainty triggered by the tariff threats could cause some countries to look towards other trade alliances, experts told CNA. 'Suddenly, every country is looking to diversify their markets and seek more reliable trading partners,' Yusuf Rendy Manilet, an economist from the think tank Center of Reform on Economics (CORE), told CNA, adding that Trump's tariff decisions have so far been subjective and arbitrary. 'Trump's policies have been unpredictable and without solid grounds. He is even hitting his allies with lofty tariffs.' But as countries around the world rush to find new markets, some nations might be tempted to roll back long-standing policies and water down key environmental and industrial protections in exchange for sealing the deal quickly, said analysts. Analysts warned such rushed negotiations could lead to trade imbalance, job losses and environmental damage, as they also cautioned against countries potentially sacrificing their domestic interests. INDONESIA-EU'S TUG OF WAR Amid the backdrop of Trump's ever-changing policies, which have so far caused panic buying, stock market crashes and threats of retaliation - Indonesia and the EU agreed to expedite negotiations on a proposed economic agreement. Diplomats from Jakarta and Brussels have been locked in a nine-year political tug-of-war, struggling to work out details of the potential partnership, which has been under negotiation since July 2016 and discussed in more than a dozen rounds of talks. However, on Sunday (Jul 13), President of the EU's executive branch, the European Commission, Ursula von der Leyen announced that both sides were ready to finalise the agreement. 'We're living in turbulent times, and when economic uncertainty meets geopolitical volatility, partners like us must come closer together,' von der Leyen said at a news conference in Brussels alongside Indonesian President, Prabowo Subianto. Officials from both sides still need to iron out some details of the final document, which is expected to be signed in September. Analysts say the Indonesia-EU treaty could be the first of many agreements forged by countries around the world as they navigate the uncertainty caused by Trump's tariffs. Indonesia is also looking to expedite its economic partnership negotiations with the Eurasian Economic Community - a union of five former Soviet states including Russia and Kazakhstan - and the South American economic bloc, Mercosur – comprising six countries including Brazil and Argentina. The tariff imposed on EU countries went from 20 per cent on Apr 2 to 30 per cent as of Jul 12. The EU is still negotiating the tariff before it becomes effective on Aug 1. Meanwhile, the EU is resuming its free trade negotiations with Malaysia, whichstarted in 2010 but were halted in 2012 due to disagreements over issues such as market access and the EU's environmental regulations affecting Malaysia's palm oil industry. The EU is also resuming talks with the Philippines, which began in 2013 but stalled in 2017 over concerns about the human rights record of the then-President of the Philippines, Rodrigo Duterte. 'The only good thing from Trump's tariffs is that they bring countries closer together and have them set aside their differences,' Teuku Rezasyah, an associate professor in International Relations at Padjadjaran University, told CNA. LONG TIME COMING The EU is Indonesia's fifth biggest trading partner, with US$31 billion worth of goods traded between the two countries in 2024 and Indonesia enjoying a trade surplus of US$9 billion. Members of the European bloc also invested US$29.1 billion in Indonesia in 2023. "We consider Europe to be very important to us. That is why we would like to see more European presence and more European participation in our economy," Prabowo said in Brussels on Sunday. However, Indonesia is only the EU's 33rd largest trading partner. The bloc's largest trading partner is the US, with volume reaching US$975.9 billion worth of goods in 2024. Of the figure, the EU enjoyed a surplus of US$236 billion. 'With the US threatening a 30 per cent tariff on European goods, it is imperative that the EU finds a new market for its products and few markets are as big as Indonesia,' Achmad Nur Hidayat, an economics and public policy lecturer from the Jakarta National Development University, told CNA. Indonesia is the world's fourth most populous country with a population of around 286 million. The Indonesia-EU agreement aims to eliminate tariffs on 80 per cent of the goods and services traded between both sides, along with swifter customs procedures and more investment incentives. Before Trump's tariff plans, these benefits seemed far-fetched with numerous rounds of negotiations ending in a deadlock, said experts. The EU has been critical towards Indonesia's local content requirement policy, which European carmakers see as a barrier to selling their products more competitively in Southeast Asia's biggest economy. The local content requirement is a set of regulations designed to protect domestic industries and manufacturing. Meanwhile, Indonesia has been opposing Europe's anti-deforestation law which requires Indonesian exporters to prove their palm oil, timber or other agricultural products do not contribute to forest destruction. In April, Prabowo said that Indonesia is willing to be 'flexible' and 'realistic' on its local content requirement, acknowledging that Indonesia does not yet have the infrastructure, technology or resources to produce certain products domestically. Meanwhile, the EU is making it easier for companies to comply with its anti-deforestation law: requiring them to submit a due diligence statement annually instead of each shipment. The EU will also categorise countries based on their risk of having products linked to unsustainable practices with low-risk countries subjected to fewer compliance requirements. These new EU requirements, which were also announced in April, will take effect in December. Officials in Indonesia and the EU have refused to say whether their respective policy rollbacks are part of the economic agreement. Uli Arta Siagian from the Indonesian Forum for the Environment (WALHI) criticised the EU's decision to relax its requirement. 'It will drive the expansion of palm oil plantations on a massive scale, jeopardising forests and wetlands, which are crucial to local wildlife and the indigenous population,' she told CNA. Analysts are also criticising Indonesia for rolling back its local content requirement. 'Our manufacturing industry is already suffering and it will suffer even more if the requirement is removed,' said economics lecturer Achmad. He argued that the local content requirement offers a big incentive for companies to set up factories in Indonesia and removing it would reduce potential investments from companies looking to enter the Indonesian market. It will also upset companies such as Korean electronics giant Samsung or Chinese mobile phone manufacturer Oppo, which have invested billions of dollars to comply with the regulation. A WORRYING TREND? The US has also been critical towards Indonesia's local content requirement, describing it as a non-tariff trade barrier and one of the factors hindering American companies from entering the Indonesian market. In a Truth Social post, Trump wrote that 'US exports to Indonesia are to be tariff and non-tariff barrier free' in exchange for lowering Indonesia's tariff from 32 per cent to 19 per cent. 'This landmark deal opens up Indonesia's entire market to the US for the first time in history,' he continued. Trump said Indonesia had also committed to purchasing US$15 billion worth of US energy and US$4.5 billion in American agricultural products, as well as 50 Boeing jets. 'For the first time ever, our ranchers, farmers, and fishermen will have complete and total access to the Indonesian market of over 280 million,' Trump wrote. Speaking to reporters on Wednesday, Prabowo defended the deal calling it 'mutually beneficial.' 'I have calculated everything. What matters to me are my people. What matters is that I have to protect my workers,' he said, adding that Indonesia is only purchasing what it needs from the US. The president highlighted that Indonesia does not produce its own wheat and soy, something which the US can supply. The Boeing jet purchase, he continued, will be used to grow its national airline, Garuda. 'I have spoken with President Donald Trump. It was tough negotiation. But in the end there was an agreement. We understood their needs and they understood our needs,' Prabowo said. Harry Su, research director of Jakarta-based securities firm Samuel Sekuritas Indonesia, questioned if Indonesia should call this a 'win'. 'Is this a good deal for Indonesia? Trump called it a landmark deal. Simply put: US won a lot as Indonesia opens up its entire market to the US,' he said in a statement on Wednesday. But Wijayanto Samirin, an economist from Paramadina University believed that the US deal might not be all that bad. With a tariff lower than most countries, US demands for Indonesian products will increase, Wijayanto argued, paving the way for more investment needed to revitalise Indonesia's manufacturing industry. The economist also highlighted that Indonesia has been importing wheat from Australia and Canada and soy from the US and Argentina. "We need those products. It is just where we import them from that will be different. So it won't affect our trade balance as a whole," Wijayanto said as quoted by Kompas newspaper. Indonesia can also benefit from cheaper US goods, particularly technologies and machinery needed to support the country's defence, telecommunication and manufacturing sectors. Still, economics lecturer Achmad said Indonesia is setting a bad example with the way it handles negotiations with both the US and the EU. 'Prabowo often says: 'One enemy is too many, a thousand friends are not enough', but it should not come with sacrificing domestic interests in exchange for quick deals,' he said. By backpedalling, Indonesia could jeopardise future negotiations with Eurasia and Mercosur blocs, which might make similar demands for Indonesia to impose zero tariffs and eliminate trade barriers for their products. 'And this is bad for other countries which are now trying to negotiate their own deals with the US or the EU, both of which are now expecting to get the same deal as they did with Indonesia,' he said.
Business Wire
16-07-2025
- Business
- Business Wire
CORE Industrial Partners Portfolio Company PrecisionX Group Acquires Hudson Technologies
CHICAGO--(BUSINESS WIRE)--CORE Industrial Partners ('CORE'), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Hudson Technologies ('Hudson' or the 'Company'), a provider of specialty deep and shallow drawn stamping, by CORE portfolio company PrecisionX Group ('PrecisionX'). The highly complementary addition of Hudson to the PrecisionX platform continues CORE's intent to build a mission-critical precision components business serving attractive end markets. Formed in 2023, PrecisionX offers specialty deep and shallow drawn and progressive stamping as well as Swiss screw, CNC, and wire EDM machining technologies for growth-oriented end markets, including aerospace & defense, medical devices, and satellite & space. The platform covers approximately 400,000 square feet of manufacturing space with more than 650 employees across seven facilities. The Company holds ISO 9001, ISO 13485, and AS9100D certifications, in addition to ITAR and FDA registrations. Founded in 1940, Hudson offers precision deep and shallow drawn stamping and progressive die stamping to manufacture metal enclosures, headers, diaphragms, and components using a variety of materials, from aluminum, stainless steel, copper, brass and titanium to specialty alloys, including Hastelloy, Haynes 242, HyMu80, Inconel, Kovar and Monel, among others. The Company augments its core stamping capabilities with dedicated in-house tool & die design and development as well as a broad selection of value-added finishing services, including annealing, anodizing, bead blasting, heat treating, painting, plating, polishing, and powder coating. Hudson serves numerous end markets, including semiconductor, electronics, and industrials, with especially deep experience in the medical and aerospace & defense sectors. The Company has manufactured deep drawn mission-critical implantable medical devices, such as cardioverter defibrillators and neuromodulation products, for approximately five decades, and produces valves, sensors, diaphragms, housings, antenna, and actuators for aerospace & defense applications ranging from engine and flight control to communication and navigation. Headquartered in Ormond Beach, Florida, with approximately 150 machines, the Company holds an AS9100 certification and an ITAR registration. Matthew Puglisi, Partner at CORE, said, 'We believe Hudson, a long-recognized provider of deep and shallow drawn stamping, is an especially strong strategic fit with the PrecisionX platform. In addition to enhancing PrecisionX's specialty stamping capabilities and capacity, the acquisition deepens the platform's medical and aerospace & defense presence while aligning with its strategic focus on serving critical-use applications in those attractive end markets.' Rock Lambert, Operating Partner at CORE, said, 'It's a pleasure to welcome Hudson to the PrecisionX platform. We believe Hudson's impressive customer base of many industry-leading companies in demanding end markets speaks to both the Company's differentiated manufacturing capabilities and its stringent focus on quality, both of which are a compelling fit with the platform.' ABOUT CORE INDUSTRIAL PARTNERS: CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American lower middle-market manufacturing, industrial technology, and industrial service businesses. With offices located in Chicago, Austin and Cleveland, CORE's team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit ABOUT PRECISIONX GROUP: PrecisionX Group provides precision metal components for critical-use applications in growth-oriented end markets, including aerospace & defense, medical devices, satellite & space, electric vehicles, mining, semiconductors, and other industrial markets. Headquartered in Waterbury, Connecticut, PrecisionX utilizes deep and shallow drawn and progressive stamping, as well as Swiss screw, CNC, and wire EDM machining technologies to manufacture high-precision components from prototyping through high-volume production. For more information, visit Hudson Technologies provides precision deep and shallow drawn stamping and progressive die stamping, in-house tool & die design and development capabilities, and a broad selection of value-added finishing services. The Company serves a variety of end markets, including aerospace & defense, medical, electronics, semiconductor, and industrials through a fleet of approximately 150 machines. Headquartered in Ormond Beach, Florida, the Company holds an AS9100 certification and is ITAR-registered. For more information, visit
Miami Herald
14-07-2025
- Business
- Miami Herald
Epique Realty Expands into Commercial Sector with Launch of Elite ‘CORE' Division
New Division to Combine Specialized Commercial Expertise with Epique's Disruptive, Tech-Forward Brokerage Model HOUSTON, TX / ACCESS Newswire / July 14, 2025 / Epique Realty today announced its strategic expansion into the commercial real estate sector with the launch of Epique CORE Commercial. Unveiled at the 2025 Epique PowerCON, CORE is an elite division designed to bring Epique's disruptive, agent-centric model to commercial real estate practitioners, providing them with extraordinary support and award-winning AI technology. CORE is built to serve the unique needs of commercial agents, offering a new standard of excellence in a sector ripe for innovation. "The commercial real estate world has been underserved by innovation for too long," said Christopher Miller, COO and Co-Founder of Epique Realty. "It's a space often dominated by legacy models that don't fully prioritize the agent's individual success. With CORE, we are changing that. We are combining proven commercial expertise with the speed, technology, and radical support of the Epique platform to create an environment where entrepreneurial commercial agents can thrive like never before." Membership in CORE is selective, ensuring a network of highly skilled professionals. These specialists will receive exclusive, tailored support, including: Dedicated Coaching and Mentorship from veteran commercial real estate Training focused on mastering the complexities of the CRE market, from legal and liability insights to advanced deal Tools & Resources designed specifically for commercial transactions and analytics. While CORE provides specialized support, its members are also supercharged by Epique's powerful, award-winning platform. This includes full access to the company's comprehensive suite of free benefits, such as advanced AI tools, free transaction coordination, professional listing photography, revenue share, and stock ownership opportunities. Epique CORE is more than a new division; it is a premier entity designed for top-tier talent. Entry is by invitation and waitlist only to maintain a community dedicated to excellence and deep market expertise. For more information: or email CORE@ About Epique Realty Epique Realty is one of the fastest-growing real estate brokers in history, now operating in all fifty states with over 4,000 agents, and global expansion is underway. Its revolutionary agent-first model provides free extensive benefits with award-winning AI and a culture of radical generosity. By questioning industry norms and putting agents at the center of its universe, Epique is not just transforming the real estate market-it is defining the future. #BeEpique Media ContactBarbara Simpson | PR and Communications 281-773-7842 | Barbara@ SOURCE: Epique Realty
Techday NZ
23-06-2025
- Business
- Techday NZ
FIRST launches CORE Fund to boost global cyber response skills
FIRST has launched the CORE Fund, a global initiative to strengthen cybersecurity incident response capabilities in under-resourced regions, with Fortinet as the founding partner. The Forum of Incident Response and Security Teams (FIRST), an international non-profit organisation, has announced the formation of the CORE (Community, Operational capacity, Resilience, and Empowerment) initiative to expand the operational capacities of cybersecurity teams around the world. The programme is set to focus especially on regions that currently have limited resources to defend against growing cyber threats such as ransomware. Programme objectives FIRST CORE is designed as a strategic programme to enhance incident response capabilities by leveraging guidance and experience from the global incident response community. Recent efforts have begun in Africa and the Caribbean, and there are plans to expand activities into the Asia-Pacific and Latin America regions. The initiative includes several targeted measures such as the development of updated incident response training content, subsidising local training costs for partners from lower-income backgrounds, and expanding opportunities through the Suguru Yamaguchi Fellowship Programme. It will also focus on establishing a network of regional liaisons and mentors, aiming to deliver both practical and technical aid tailored to the needs of local security teams. Statements from FIRST "Fortinet's leadership as our founding partner demonstrates their commitment to strengthening cybersecurity knowledge across industries and borders. Together, we're building communities grounded in internationally recognized best practices that will enhance incident response capabilities across the globe." This was stated by Chris Gibson, Chief Executive Officer of FIRST. He further emphasised that the initiative aims to provide critical funding for expanding the Community and Capacity Building Programme (CCB), bringing additional educational and training resources to less-resourced areas. According to FIRST representatives, building capacity in incident response teams is a necessary step given the rapidly changing nature of cyber risks. The organisation will use the CORE Fund to enhance its history of supporting community-informed initiatives and knowledge transfer. Corporate support Fortinet has committed as the founding sponsor of the CORE Fund. Derek Manky, Chief Security Strategist and Global Vice President of Threat Intelligence at Fortinet, commented on the company's involvement: "Fortinet has collaborated with FIRST for more than a decade and is deeply committed to driving public-private partnership efforts that address cybersecurity risk to society. FIRST CORE represents a unique opportunity to provide boots-on-the-ground support to security teams around the world, particularly in under resourced regions, and we're proud to be the founding partner of this important initiative. Creating new avenues for defenders everywhere to share knowledge and best practices ultimately give us more opportunities to collectively disrupt global cybercrime." Fortinet's role as a founding partner reflects an industry shift towards more collaborative, community-guided approaches to building cybersecurity resilience, especially in areas that remain more vulnerable to attacks due to fewer available resources. Community-driven model A primary component of the CORE initiative is its adaptable, partner-focused approach. Klée Aiken, Director, Community and Capacity Building at FIRST, highlighted the objectives and strategy of the new fund: "FIRST CORE is designed to be responsive to the needs of our partners on the ground, with initiatives directly informed by the priorities of security teams worldwide. This adaptability is crucial in cybersecurity's evolving threat landscape. Together, with Fortinet's combined contribution, FIRST CORE's impact will grow, enabling us to better share expertise across the global incident response community." Initiatives under the CORE Fund will be developed in response to ongoing communication with incident response groups active in various regions. These will be supported by both existing education programmes and newly designed training tailored to the context and needs of recipient teams. Expansion and long-term aims The work already underway in Africa and the Caribbean will be used as a template for efforts in other regions. CORE funding will allow FIRST to scale up partnerships, mentorship opportunities, and operational support in new areas, according to the needs identified by local security teams. Future priorities for the initiative include the addition of further languages and cultural competencies within training materials, and extending the fellowship programme to benefit national-level security teams in underrepresented regions. The organisation also plans for the CORE initiative to serve as a model for international, community-driven cyber resilience projects beyond its initial phases.
