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Lincotek closed the acquisition of a majority stake in Danco Medical from Danco Anodizing. The scope of the transaction comprises all service activities focused on metal surface finishing for the medical market, and includes the ISO 13485 certified facility in Warsaw, Indiana.
Established in the U.S. in 1971 in California and 2001 in Indiana, Danco Medical offers one-stop-shop surface preparation and finishing solutions and a range of product identification methods to orthopedic device companies. Latest developments include unique deep image graphics for cases and trays and HAnano surface treatments.
The move will expand Lincotek’s capabilities in the medical field, increasing its manufacturing footprint by one plant (~35,000 sq. ft. and 150 employees). The company will remain as an independent unit inside the Lincotek Medical structure. The former owners and the management will run the company as before, to ensure that quality and service levels are maintained.
Together, Lincotek Medical and Danco Medical will address the needs of orthopedic customers regarding technical depth and process mastery, offering optimized lead times and best-in-class customer service. The agreement will increase Lincotek’s presence in the U.S., providing customers an integrated approach and allowing OEMs to stay focused on their core business.
“With Danco Medical joining the Lincotek Group, it will strengthen our growth strategies by creating a fully integrated portfolio that will support our customer needs and expectations,” said Ross Tiamson, CEO of Danco Medical. “Our company values are aligned, and are well established – Danco Medical looks forward to this next chapter.”
Lincotek Medical offers orthopedic device companies integrated supply chain solutions, including device engineering, casting, forging, additive manufacturing, precision machining, plasma spray, calcium phosphate and physical vapor deposition coatings, as well as electrochemical treatments and final packaging.
Source: Lincotek
