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Wytech Industries and Mountain Manufacturing Technologies acquire Silvertip & Associates to strengthen precision grinding capabilities

PRIVATEApr 03, 2024

Acquiring Company

Wytech Industries

Acquired Company

Silvertip & Associates

RahwayLino LakesMinneapolisManufacturingBiotechnologyMedical DeviceManufacturingManufacturing

Description

Wytech Industries and Mountain Manufacturing Technologies, supported by Vance Street Capital, have acquired Silvertip & Associates to create a strategic grinding division focused on the development and production of medical mandrels for the global medical device market. The acquisition aims to complement Wytech and Mountain Manufacturing's position as leading suppliers of mandrels to the medical device industry and expand their capabilities for new ground mandrels and quick response to the market's R&D needs.

Quick answer

Wytech Industries and Mountain Manufacturing Technologies are acquiring Silvertip & Associates, announced April 3, 2024. Wytech Industries is based in Rahway, New Jersey, United States.

How much did Wytech Industries pay for Silvertip & Associates?
The deal value was not disclosed.
What does Wytech Industries do?
For nearly 50 years, Wytech and its affiliate company, Mountain Manufacturing, have been committed to earning their position as the preferred development and manufacturing partner for mandrels, core wires, heat set..
Where are Wytech Industries and Silvertip & Associates based?
Wytech Industries is based in Rahway, New Jersey, United States. Silvertip & Associates is based in Minneapolis, Minnesota, United States.

Source: Fundz verified event record.

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Company Information

Company

Wytech Industries

Location

Rahway, New Jersey, United States

About

For nearly 50 years, Wytech and its affiliate company, Mountain Manufacturing, have been committed to earning their position as the preferred development and manufacturing partner for mandrels, core wires, heat set tooling, and micro-machined components for medical device OEMs and contract manufacturing organizations (CMOs). Wytech engineers simple manufacturing solutions for complex wire and metal tubing design applications.

Company

Mountain Manufacturing Technologies

Location

Lino Lakes, Minnesota, United States

About

Founded in 1988 by Tom Berg, MMT is a leading research & development-driven contract manufacturer with a full range of machining and fabricating capabilities for enhanced product design, prototyping, component manufacturing, and volume production. MMT's customers range from leading Tier 1 customers to start-ups designing highly engineered access, delivery, and closure systems used with complex medical devices. Located in Lino Lakes, MN, MMT is ISO 13485:2016 certified.

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Frequently asked

Who acquired Silvertip & Associates?

Silvertip & Associates was acquired by Wytech Industries, based in Rahway. The deal was reported on April 3, 2024. Wytech Industries is privately held and operates in Manufacturing.

When did Wytech Industries acquire Silvertip & Associates?

Wytech Industries's acquisition of Silvertip & Associates was reported on April 3, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Silvertip & Associates do?

Silvertip was founded in 1988 by a 3rd generation owner of the Peterson family and originally founded in 1932 by Robert S Peterson, as a metal finishing company in Minneapolis. It is privately held, operating in Manufacturing, and is based in Minneapolis.

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