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Straits Orthopaedics, a Malaysia-based contract manufacturer specializing in the precision machining of orthopedic implants and surgical instruments, announced the successful acquisition of Medin Technologies, a U.S.-based manufacturer of sterilization cases and trays for the orthopaedic sector operating two facilities in Totowa, New Jersey and Manchester, New Hampshire.
Hans de Waal, General Manager of Medin, said, “Medin Technologies is excited to become a part of the Straits Orthopaedics organization. Our company has been serving the orthopaedic market since 1979 and has become a major player in the case and tray market. Joining Straits enables the company to provide solutions across multiple segments as a global CMO capable of delivery fully kitted instrument sets ready for distribution.”
“We are excited to add Medin’s case and tray product lines to our broad array of manufacturing capabilities,” said Scott Gareiss, CEO of Straits. “Medin is recognized for their design expertise, vertical integration, and innovative quality controls for case and tray production used in systems for joint replacement, trauma, extremities, spine, power equipment and more for medical device OEMs. The combination of Straits and Medin will enable us to serve our customers more broadly.”
Ewan Davis, Partner at Quadria Capital and Board Director of Straits Orthopaedics, added, “The addition of Medin demonstrates our continued focus on investing in and expanding the scope of services provided by Straits for our customers and ultimately increasing patient impact across the world. The combined businesses create a truly global footprint and is testament to the ambition and capabilities of this Malaysian orthopaedic contract manufacturing champion.”
Source: Straits Orthopaedics
