PIERCETON - Paragon Medical Inc. decided to take a recently orchestrated strategic alliance one step further by announcing it has acquired the Medical Metal Finishing Division of Hand Industries Inc., a Warsaw-based specialist in metal finishing.

Tobias Buck, chairman and CEO of Paragon Medical, said, "With Hand Industries being one of the largest outside processors of orthopedic metal finishing in the United States, and Paragon Medical's strategic industry positioning, it became clear that a transition from an alliance to a wholly-owned entity embraces the OEM's desire for continuity across the entire manufacturing process."

The combined entity brings more than 65 years of experience and outstanding benefits to the medical device industry, particularly to those who are engaged in the large joint segment of hips and knees.

Hand expands Paragon's capability to provide metal finishing services geared to meet both high- and low-volume demands for its client community, while managing difficult requirements for very tight tolerances.

Cory Colman, executive vice president of business development, said, "The acquisition broadens the scope of Paragon's core capabilities and builds on our reputation for being a single source provider to the global medical marketplace."

Over the next several months, Paragon will transition the employees and the equipment of Hand's Medical Metal Finishing division to its 100,000-square-foot dedicated instrument and implant manufacturing facility in Pierceton. [[In-content Ad]]