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Lincotek has consolidated its market offering with the acquisition of Danco Medical’s facility in Changzhou, Eastern China. The 15,000-square-foot plant, which is ISO 13485 certified, will further enhance the reputation of the Group’s Medical Division for integrated supply chain solutions and services to the global orthopedic industry, delivering quality, processes and customer service.
The deal is the culmination of a two-part transaction, which first saw the Italian company acquire Danco Medical’s 35,000-square-foot facility in Warsaw, Indiana earlier this year. The acquisition of the Changzhou plant was the second and final step in the acquisition of Danco Medical.
The acquisition expands the capabilities of Lincotek in the medical field and boosts service levels.
“It’s great that we have been able to complete the second part of this important transaction, as Danco is recognised as the leader in metal finishing and complements our existing business perfectly,” said Winfried Schaller, CEO, Lincotek Group. “Danco and Lincotek share the same set of values around service, reliability and customer orientation and, with the acquisition of the Changzhou plant, we are now able to provide even more seamless support to our customers globally.”
Ross Tiamson, CEO, Danco Medical, said, “We each have our respective strengths, but together we are an even more formidable force in the market. I am looking forward to working closely with colleagues in Lincotek Medical on this new chapter in our corporate history.”
Lincotek was advised by Cozen O’Connor for the contractual, legal and labor aspects of the deal, in the person of Partner Christian Moretti and of Associate Beatrice Bottini, in conjunction with Deloitte Legal, in the person of Partner Massimo Zamorani. The Tax & Financial workstream has been handled by Funaro & Co in the persons of Partner Mindy Piatoff Daynes, Principal Matteo Cazzoletti and Director Alexander Contreras.
Danco Medical has been advised by Allen Matkins for the contractual and legal aspects, in the person of Partner Matthew Ertman. The Tax & Financial consultation has been handled by HW LLP in the persons of Partner Louis Hamel and his associate Brian Blackmore.
