Genstar-backed Tecomet Inc has acquired Boulder, Colorado-based Mountainside Medical, a provider of medical device components and instruments used in minimally invasive surgical devices. No financial terms were disclosed.
WILMINGTON, MA, October 17, 2016 – Tecomet Inc., a global provider of innovation, design & development services and manufacturing solutions for OEMs in the medical and aerospace & defense industries, today announced the acquisition of Mountainside Medical, a supplier of complex, high precision medical device components and instruments used in minimally invasive surgical devices.
Headquartered in Boulder, CO, Mountainside’s products span across a wide range of precision machined components for the minimally invasive market, including laparoscopic instruments and jaws, orthopedic/neuro-navigation instrumentation, and electrosurgical instruments. The company has invested heavily in research & development, precision machining technology, automation and assembly solutions. Mountainside has developed into a full service manufacturing partner to engineer, design, and manufacture current and next-generation surgical components. The company has a strong pipeline of new products currently in the development stage.
Mark Kemp, Chief Executive Officer, of Tecomet, said, “Achieving a leadership position in the minimally invasive surgical market is a key strategic priority of Tecomet, and the acquisition of Mountainside Medical greatly expands our capabilities and scale in this highly attractive end market. Mountainside’s dedication to innovation, design and development services, prototyping, and precision component manufacturing solutions combined with intimate customer service align perfectly with Tecomet’s strategy and culture. We are excited to partner with Mountainside’s management and employees to further establish collaborative partnerships with new and existing customers.”
Peter Neidecker, Co-Founder of Mountainside, said, “Since my wife Susan and I founded the company we have followed a philosophy of constant innovation. Mountainside’s experienced management team is supported by talented employees who deliver results through a combination of continuous improvement and growth initiatives. With Tecomet’s global footprint, manufacturing capabilities and expertise in design and engineering, Mountainside is very well positioned for future growth.”
Founded in 1964 and based in Wilmington, MA, Tecomet is a global manufacturer of high precision implants, surgical instruments, trauma plates and photochemical etched products for medical device customers. Tecomet uses its industry-leading prototyping and engineering capabilities to produce highly complex products that provide innovative solutions for its customers’ most demanding products and applications. Tecomet is also a leading manufacturer of precision components to the aerospace & defense industry, producing products used in aircraft engines, missile & satellite propulsion systems, vision systems, and infrared applications. For more information about Tecomet, please visit www.tecomet.com.