Tegra Medical to be Acquired by SFS
Tegra Medical, a medical device contract manufacturer, is to be acquired by SFS Group, a provider of customized precision-formed components and mechanical fastening systems in Switzerland.
As an SFS company, Tegra will continue operations under its own brand at headquarters in Massachusetts. Senior management will remain, including President & CEO J. Mark King, CFO Craig Campbell, VP Sales and Marketing Lee Crowe and VP GENESIS Tech Center Mike Treleaven.
SFS has sought a manufacturer to add focused medical device expertise to its offerings; SFS brings increased capabilities such as micro molding and cold forming to Tegra Medical.
Sources: Tegra Medical; ORTHOWORLD Inc.
Tegra Medical has 200,000 square feet of manufacturing space in four locations in the U.S. and Costa Rica, and is ISO 13485:2003 and FDA registered and QSR compliant. Its offerings address all orthopaedic market segments (e.g. joint reconstruction, extremities, spine, trauma, arthroscopy).
SFS Group is a global player with manufacturing sites and distribution at more than 70 locations in 25 countries. The company posted 2015 revenue of CHF 1.4BB (~US $1.4BB) with a workforce of 8,300 employees.