UnitedCoatings Group acquires CoorsTek Medical
July 19, 2019
UnitedCoatings Group, Rubbiano, Italy, has announced its acquisition of 100% of CoorsTek Medical LLC, a contract manufacturer of orthopaedic devices based in Fort Worth, Texas, USA, from CoorsTek, LLC. This follows the company’s earlier acquisition of NanoSurfaces from CoorsTek Medical in 2018.
UnitedCoatings Group’s medical division comprises Eurocoating SpA, Surface Dynamics, NanoSurfaces Industries, Anteco and Eurocoating Medical Technology Wuxi. The company uses Additive Manufacturing, among other technologies, to produce implantable parts for the orthopaedic, spinal, instrument and custom markets. Its facilities are equipped with Laser Powder Bed Fusion (L-PBF) and Electron Beam Melting (EBM) systems.
CoorsTek Medical offers a range of production services, which include Additive Manufacturing as well as casting and machining, to a wide variety of medical device OEMs. The company also offers a range of production development services which are said to support its customers from concept to launch.
Nelso Antolotti, Founder and Executive Chairman of UnitedCoatings Group, stated, “The acquisition of CoorsTek Medical is an historic milestone for the group. “This is our biggest acquisition to date and a major step in our internationalisation 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!”
Mike Meiggs, President of CoorsTek Medical, added, “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.”