Contract manufacturer Schivo (Waterford, Ireland) announced today that it has acquired Supreme Screw Products (SSP), a supplier of precision machining, laser processing and assembly services for the medical device market.
The acquisition will strengthen Schivo’s development and manufacturing footprint, enhance its technical capabilities, and deepen customer partnerships, according to the acquiring company. SSP will complement Schivo’s capabilities for minimally invasive surgery and life sciences markets through the addition of micro-machining, laser processing and assembly technologies, according to Schivo.
Founded in 1963, SSP is led by Misha Migdal, president and CEO, and operates out of two facilities in Plainview, N.Y.
“Misha and the Supreme team have established a great reputation in the industry by partnering with customers to address complex engineering challenges and providing innovative manufacturing processes. I am delighted to welcome Misha Migdal and the Supreme team to the Schivo family,” said Schivo CEO Graham Reeves in a news release. “Culturally, we both share a passion to serve customers with pioneering technologies coupled with exceptional quality and service. Additionally, the recent investment in an impressive additional 30,000 square-foot facility highlights SSP’s commitment to their employees and customers and provides a great venue to serve our expanding business needs.”
“The SSP team and I look forward to joining Schivo,” Migdal said. “This union expands our ability to provide sophisticated precision components and assemblies to innovative medical OEMs around the world. Schivo and SSP together have capabilities unmatched in the medical device supply chain. We look forward to building a truly remarkable company with Graham and all the Schivo team.”