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Medbio Acquired by Private Equity Firm

Contract manufacturer Medbio has been acquired by private equity firm Graham Partners. Financial terms of the transaction, effective July 17, were not disclosed.

Medbio specializes in precision injection molding, instrument manufacturing, laser processing, packaging and component parts.

“We have added four new presses and will probably add a fifth in the next year,” Medbio President and CEO Chris Williams told MiBiz.com. “We are experiencing heavy growth, and I am frankly having a hard time hiring…in the middle of this big growth spurt. It’s a very good time to partner with Graham Partners.”

Graham Partners cited the Medbio’s leadership team and operational history as reason for the investment.

Medbio, which employs approximately 190 people, recently received ISO 13485:2016 Certification. Its facility contains a certified ISO Class 8 clean room for molding, along with several certified ISO Class 7 clean rooms for assembly and packaging. Medbio molds most medical grade thermoplastics, including implant-grade PEEK.

Source: MiBiz.com