Clearlake Capital-backed TEAM Technologies to acquire Precision Die Cutting.

Clearlake Capital-backed TEAM Technologies, a North American engineering solutions and specialty manufacturer focused on serving healthcare end markets, agreed to acquire Precision Die Cutting, a medical specialty manufacturer specializing in skin-contacting technologies and infection prevention products. Financial terms were not disclosed. "We are excited to welcome PDC as we continue to expand our manufacturing capabilities in high growth, recession-resistant healthcare verticals. The acquisition of PDC will allow us to scale our world-class healthcare manufacturing platform by enhancing our portfolio of capabilities to serve our OEM customers. We would like to welcome Steve, his team and their customers to the TEAM family, and we look forward to continue growing the combined business," Marshall White, TEAM President and CEO.