Paragon Medical Acquires Companies
July 28, 2016 at 4:25 p.m.
PIERCETON - Paragon Medical announced Wednesday that it acquired a cluster of four companies in New Jersey and Florida.
Paragon Medical Inc., a supplier of surgical instrumentation, implantable components and delivery systems, acquired Mark Machine Inc. and Ortho-Craft Inc., manufacturers of precision orthopedic instruments and medical devices headquartered in Fairfield, N.J., and their affiliate companies Osteomac and Ortho-Precision, respectively.
The acquisitions were completed Dec. 16. Mark Machine, Ortho-Craft and Ortho-Precision are in Fairfield, N.J., and Osteomac is in Pompano Beach, Fla.
Structurally, Mark Machine and Osteomac will maintain their corporate identities. Ortho-Craft and Ortho-Precision will fold into Mark Machine.
Through the transaction, Paragon acquired and will maintain the approximate 60,000-square-foot facilities. With senior management remaining and all 136 employees retaining their positions and becoming Paragon employees, customers of Mark Machine, Ortho-Craft and Paragon Medical should see no interruptions to current or future contracts placed with the consolidated entities.
Possessing a combined 50-plus years of experience and a diverse set of manufacturing capabilities, Mark Machine, Ortho-Craft and their affiliates have developed an expertise in manufacturing close tolerance, complex orthopedic instruments and medical devices. This additional expertise compliments core competencies already present at Paragon Medical.
Clients of the combined companies will benefit from greater market segment depth and geographic locations that enhance customer service. The scope of Paragon's worldwide industry presence will allow Mark and Ortho-Craft to continue their growth in serving an expanding global customer base.
Tobias Buck, chairman and chief executive officer of Paragon Medical, said, "These companies have an outstanding reputation within the industry as experts in the field of instrumentation, and as companies dedicated to customer service. The leadership teams, experience, employees and facilities will all contribute significantly to Paragon's vision of being the preferred manufacturer of products and total instrumentation management solutions for the worldwide surgical marketplace."
More information about these companies can be found at: www.markmachine.com and www.ortho-craft.com [[In-content Ad]]
PIERCETON - Paragon Medical announced Wednesday that it acquired a cluster of four companies in New Jersey and Florida.
Paragon Medical Inc., a supplier of surgical instrumentation, implantable components and delivery systems, acquired Mark Machine Inc. and Ortho-Craft Inc., manufacturers of precision orthopedic instruments and medical devices headquartered in Fairfield, N.J., and their affiliate companies Osteomac and Ortho-Precision, respectively.
The acquisitions were completed Dec. 16. Mark Machine, Ortho-Craft and Ortho-Precision are in Fairfield, N.J., and Osteomac is in Pompano Beach, Fla.
Structurally, Mark Machine and Osteomac will maintain their corporate identities. Ortho-Craft and Ortho-Precision will fold into Mark Machine.
Through the transaction, Paragon acquired and will maintain the approximate 60,000-square-foot facilities. With senior management remaining and all 136 employees retaining their positions and becoming Paragon employees, customers of Mark Machine, Ortho-Craft and Paragon Medical should see no interruptions to current or future contracts placed with the consolidated entities.
Possessing a combined 50-plus years of experience and a diverse set of manufacturing capabilities, Mark Machine, Ortho-Craft and their affiliates have developed an expertise in manufacturing close tolerance, complex orthopedic instruments and medical devices. This additional expertise compliments core competencies already present at Paragon Medical.
Clients of the combined companies will benefit from greater market segment depth and geographic locations that enhance customer service. The scope of Paragon's worldwide industry presence will allow Mark and Ortho-Craft to continue their growth in serving an expanding global customer base.
Tobias Buck, chairman and chief executive officer of Paragon Medical, said, "These companies have an outstanding reputation within the industry as experts in the field of instrumentation, and as companies dedicated to customer service. The leadership teams, experience, employees and facilities will all contribute significantly to Paragon's vision of being the preferred manufacturer of products and total instrumentation management solutions for the worldwide surgical marketplace."
More information about these companies can be found at: www.markmachine.com and www.ortho-craft.com [[In-content Ad]]