Genstar's Tecomet Completes $450M Buy of Symmetry's OEM Unit
December 08, 2014
Genstar Capital-backed Tecomet, a manufacturer of products for the medical device and aerospace & defense sectors, has completed its announced $450 million acquisition of Symmetry Medical's (NYSE: SMA) OEM Solutions business. The division supplies contract manufacturing and product solutions for the surgical instrument, orthopedic implant, and sterilization case and tray markets. With 18 facilities across five countries on three continents, the add-on will create the world's largest orthopedic contract manufacturer. Genstar acquired Tecomet last December from Charlesbank Capital Partners.