ARCH Medical Solutions Corp. (“ARCH”) today announces the acquisition of MedTorque (“MT”), a world-class manufacturer of precision orthopedic instruments and implants with facilities in Kenosha, Wisconsin, and Elmhurst, Illinois, from Parallel49 Equity
BLOOMFIELD HILLS, MICH. (PRWEB) JULY 15, 2022 –
ARCH Medical Solutions Corp. (“ARCH”) today announces the acquisition of MedTorque (“MT”), a world-class manufacturer of precision orthopedic instruments and implants with facilities in Kenosha, Wisconsin, and Elmhurst, Illinois, from Parallel49 Equity, a Lake Forest, Illinois-based private equity firm focused on investing in specialty manufacturing and business services businesses. MedTorque is highly skilled in serving a wide range of orthopedic applications, including spinal fusion and spinal arthroplasty; upper and lower limbs; large joint reconstruction; trauma; and robotic surgery. MedTorque is also known for its product portfolio of silicone handles, ratcheting screwdrivers and torque limiting screwdrivers which can be custom designed to customer requirements. The Elmhurst, Illinois facility will operate as ARCH Medical Solutions – Elmhurst, and the Kenosha, Wisconsin facility will operate as ARCH – MedTorque. The acquisition expands ARCH Medical Solutions’ repertoire and strengthens the company’s position as a leading and diverse supplier to the medical device contract manufacturing market.
Paul Barck, Division President of ARCH Medical Solutions, says this addition expands the company’s offering to include a large catalog of surgical instrument handles, torque limiting pilots and single procedure devices for OEMs. orthopedics providing innovative products that change lives. “MedTorque’s extensive design and manufacturing experience in nearly every orthopedic discipline, combined with its proprietary line of reusable and single-procedure products, gives us new capabilities and additional scale to offer our customers. MedTorque has also established itself as a strategic supplier of instruments with extremely tight tolerances for robot-assisted and navigated surgical platforms in the rapidly growing field of orthopedics and MIS surgical technologies,” Barck said. of MedTorque innovation and collaboration is a perfect fit with our growth and our family of customer-focused precision manufacturing companies.”
“We are thrilled to join ARCH Medical Solutions, and look forward to working with Paul and his team to quickly combine and expand the portfolio of products and solutions we offer our customers,” said Steve Sundberg, President and CEO of the management of MedTorque. “It was clear throughout our discussions that we share values and a commitment to employees and customers. I’m confident this is a great fit for our employees and I’m confident our clients will benefit from ARCH’s additional resources and expertise. I’m thrilled we were able to pull it all together and I applaud the ARCH team for how they behaved every step of the way.
John Ruggieri, Senior Vice President of Business Development at ARCH Medical Solutions, sees opportunities for deeper collaborations and partnerships in the future. “The diverse range of design, engineering and manufacturing skills, coupled with the innovative line of MedTorque products, opens up a whole new world of synergies and opportunities to deliver more of the solutions our customers need,” said Ruggieri. “I’m excited to see what we’re accomplishing with our expanded team of precision manufacturing specialists.”
About ARCH Medical Solutions
ARCH Medical Solutions, a platform company of Jordan Company based in Metro Detroit, precision manufactures high-quality medical components, parts, instruments, devices and implants for a changing range of medical applications. life. ARCH Medical Solutions has several FDA-registered facilities across the country, serving the orthopedics, surgical robotics, cardiovascular, dental, and life sciences markets. ARCH Medical Solutions teams are metallurgical professionals with industry-leading tight-tolerance manufacturing expertise. ARCH Medical Solutions provides innovative and practical solutions to customers’ complex manufacturing challenges that lead to better patient outcomes. Improve people’s lives. We have a part in it. Learn more at arch-medical.com.
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