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

Apr 03, 2024•over 1 year ago

Acquiring Company

Wytech Industries

Acquired Company

Silvertip & Associates

RahwayLino LakesMinneapolisMedical DeviceBiotechnologyManufacturingManufacturingManufacturing

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.

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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed