Creation Technologies secures $65 million investment - Investment to accelerate manufacturer's growth plans



    VANCOUVER, June 21 /CNW Telbec/ - Creation Technologies LP, a Global Top
50 Electronics Manufacturing Services (EMS) provider and expert in
manufacturing complex electronics, today announced it has received a
$65 million investment from Birch Hill Equity Partners. The proceeds will be
used to meet the requirements of the company's growing customer base, to fund
its acquisition plans and to provide liquidity to employee and institutional
shareholders.
    "We believe that Creation's demonstrated track record of profitable
growth and its unique business model make it an exceptional investment
opportunity for us," said Michael Mazan, a partner at Birch Hill Equity
Partners. "We look forward to working with the outstanding leadership team at
Creation as we help them to continue to grow their business both organically
and through acquisitions."
    Birch Hill believes that Creation represents the best investment
opportunity in the growing North American mid-tier EMS market given its strong
value proposition to customers, unique business model, culture and core
values, attractive acquisition opportunities and excellent financial
performance
    "We are delighted with the Birch Hill investment and excited about the
future of our company," said Arthur Tymos, President & CEO of Creation
Technologies. "Over the past five years, Creation Technologies has grown at
twice the average rate of the overall EMS industry and we anticipate
maintaining this rate of growth by supporting our current customers' growth
plans, winning new customers and increasing our emphasis on mergers and
acquisitions. We believe that there are, and will continue to be, tremendous
opportunities for us in the North American market place."

    About Creation Technologies LP

    Creation Technologies is a global Top-50 electronic manufacturing service
(EMS) provider. Creation provides high-mix, high-complexity start-to-finish
manufacturing and supply chain solutions to companies in the Industrial
Controls, Instrumentation, Medical, Communications, Transportation and Safety
& Security industries. Creation operates seven manufacturing business units in
British Columbia, Ontario, California, Texas and Wisconsin and employs
1,450 people.

    About Birch Hill Equity Partners

    Birch Hill Equity Partners Inc. invests in leading Canadian middle-market
businesses. With $1.7 billion in capital under management and 23 partner
companies, Birch Hill is the leader in long-term value creation in the
Canadian mid-market. Its partner companies are well established and potential
leaders in their industries who seek a financial and strategic ally to help
them realize their full potential. The 23 member team at Birch Hill has many
years of experience working together as active partners with top management
teams in building long term value.




For further information:

For further information: Deborah Gillies, Creation Technologies LP,
(604) 453-3424, debbie.gillies@creationtech.com

Organization Profile

CREATION TECHNOLOGIES INC.

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