Italian contract manufacturer UnitedCoatings Group said today that it acquired CoorsTek Medical an undisclosed amount.
Ft. Worth, Texas-based CoorsTek Medical offers casting, machining and product development services to medical device OEMs. UnitedCoatings, based in Rubbiano, Italy, last year bought NanoSurfaces, CoorsTek Medical’s Italian subsidiary. The deal announced today involves the rest of the CoorsTek Medical business.
“The acquisition of CoorsTek Medical is a historic milestone for the group,” UnitedCoatings founder & chairman Nelso Antolotti said in prepared remarks. “This is our biggest acquisition to date and a major step in our internationalization strategy. We have been very successful in maintaining a good mix of organic growth and acquisitions, putting together a unique combination of high-quality services to the medical device industry. We are very happy to welcome the CoorsTek Medical team to the family!”
“Today is an exciting day for the employees of CoorsTek Medical as we join forces with a contract manufacturer known worldwide for delivering highly technical solutions in its varied market offerings. With the combined services now offered under UnitedCoatings Group, we are poised to become a leader in the medical device outsourcing market,” added CoorsTek Medical president Mike Meiggs.
UnitedCoatings’ medical subsidiaries include Eurocoating, Surface Dynamics, NanoSurfaces Industries, Anteco and Eurocoating Medical Technology Wuxi.