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ARCH Medical Solutions announced the acquisition of MedTorque from Parallel49 Equity. The acquisition expands ARCH’s orthopedic instrument capabilities and offerings.
Founded in 2004, MedTorque serves a wide range of orthopedic applications, including spine, extremities, joint replacement, trauma and robotic surgery. MedTorque is also known in the orthopedic industry for its product portfolio of silicone handles, ratchet drivers and torque-limiting drivers.
MedTorque’s Elmhurst, Illinois facility will operate as ARCH Medical Solutions – Elmhurst, and the Kenosha, Wisconsin facility will operate as ARCH – MedTorque. The acquisition expands the ARCH Medical Solutions repertoire and strengthens the company’s position as a leading, diversified supplier in the medical device contract manufacturing market.
“The extensive design and manufacturing experience of MedTorque in nearly every orthopedic discipline combined with its proprietary line of reusable and single-procedure products gives us new capabilities and added scale to offer our customers,” said Paul Barck, Divisional President, ARCH Medical Solutions. “MedTorque has also established itself as a strategic supplier of instruments with extremely tight tolerances for robotic-assisted and navigated surgical platforms within the rapidly growing orthopedics and MIS surgical technologies arena. The spirit of innovation and collaboration at MedTorque is a perfect match for our growth and customer-minded family of precision manufacturing companies.”
MedTorque President and CEO Steve Sundberg said the company is looking forward to working with ARCH Medical Solutions to quickly combine and expand the portfolio of products and solutions they offer customers
“It has been clear throughout our discussions we share values and a commitment to employees and customers,” he said. “I am convinced this is a great fit for our employees and have no doubt our customers will benefit from the added resources and expertise resident in ARCH. I am pleased we were able to bring this together and applaud the ARCH team for the way they conducted themselves every step of the way.”
ARCH Medical Solutions has been on a purchasing spree in recent months. MedTorque is their fourth reported acquisition since March, and follows M&K Engineering, Amplify Additive and Market Services Corporation.
