SFS Group has signed an agreement to acquire Riverside Partners portfolio firm Tegra Medical for an undisclosed sum.
Based in Franklin of Massachusetts, Tegra Medical provides precision machining and contract manufacturing services for the medical device industry.
With a range of manufacturing technologies, the company develops procedures for surgical, interventional and orthopedic companies.
Tegra provides solutions ranging from prototyping to full production, as well as complex components to finished medical devices.
The company has 200,000ft² of modern space manufacturing space in four locations in the US and Costa Rica.
Once the deal concludes, SFS will include Tegra Medical in its engineered components segment and operate as an independent division.
Riverside established Tegra Medical through the acquisitions of New England Precision Grinding, Accu-Met Laser and American Medical Instruments in 2007, as well as CTW and Costa Rica manufacturing operation in 2010.
Tegra Medical president and CEO J. Mark King said:"My management team and I are very excited about the combination with SFS Group. Like SFS, Tegra Medical is trusted partner that customers turn to in the early stages of the new product development process.”
SFS Group CEO Jens Breu said: “This is an exciting time for the SFS Group because we’ve been looking for the right manufacturer to add focused medical device expertise to our company.
“We are impressed with the breadth of Tegra Medical’s capabilities, the depth of their skills and experience, and the deep commitment of their employees.”
Image: SFS Group to acquire Riverside Partners portfolio firm Tegra Medical. Photo: courtesy of adamr / FreeDigitalPhotos.net.