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Strategic Initiatives

Cadence to be Acquired by Kohlberg Private Equity Firm -

Cadence, global provider of high-precision components and finished devices for orthopaedic and other markets, signed a definitive agreement to be acquired by private equity firm Kohlberg & Company. The investment from Kohlberg will support Cadence as it expands capabilities across all markets that it serves. Current operations are slated to remain in place, with President & CEO Alan Connor and the present management team at the helm. Headquartered in Staunton, Virginia, Cadence has four U.S. facilities and nearly 500 employees. Its products and assemblies are used to support spinal, trauma, joint reconstruction, arthroscopic and other procedures. (Source: Cadence, Inc., 4/18/18)