Tecomet Completes Acquisition of Symmetry Medical’s OEM Business

Tecomet Inc., a precision contract manufacturer for medical devices based in Wilmington, Mass., has completed its acquisition of Symmetry Medical’s OEM solutions business. This gives Tecomet 18 facilities located in five countries on three continents.

The Symmetry Medical OEM solutions business is a supplier of contract manufacturing and product solutions for the surgical instrument, orthopedic implant, and sterilization case and tray markets. According to Tecomet officials, the strategic capabilities of the OEM Solutions business provide a complementary fit with the existing Tecomet business.

“With this acquisition, Tecomet adds to an already wide array of services and creates a footprint that would take decades to build organically,” said CEO Bill Dow. “We will continue to be dedicated to providing our customers the best service at the highest level of quality at competitive prices.”

“This is a great opportunity to have a transforming impact on the orthopedic contract manufacturing industry,” said Rob Rutledge, principal of Genstar Capital, which owns Tecomet. “Original equipment manufacturers are moving more of their manufacturing out to contract manufacturers that can handle the volume and provide the systems support. This merger provides a contract manufacturing platform paramount to anything else in the orthopedic industry.”