Contact: Tabitha Cooper
Paragon Medical, Inc.
FOR IMMEDIATE RELEASE: 15-January-15
Paragon Medical Announces Acquisition
Pierceton, Ind. - Paragon Medical Inc., a precision contract manufacturer supporting the global orthopaedic medical device industry, today announced that it has signed an agreement with Michael Bubolz GmbH to acquire its medical device business segment.
Headquartered in Stuhr, Germany, and with a facility in Siechnice, Poland, Michael Bubolz manufactures close tolerance surgical instrumentation, a wide variety of orthopaedic implantable components and also provides complete sterile pack products. The medical device business will be consolidated into the current facility in Poland, will employ over 200 exceptionally talented people and occupy over 40,000 square feet.
Tobias Buck, CEO, President and Chairman of the Board for Paragon Medical said, "This acquisition is yet another stepping stone to enhance Paragon's position as a strategic partner for the medical device OEM community world-wide, and creates a geographic center of excellence for applications in the trauma, spine, sports medicine and large joint segment of orthopaedics."
About Paragon Medical:
Paragon Medical is a tier 1, turnkey supplier of world-class solutions for custom and standard surgical instrument delivery systems, custom and standard surgical instrumentation, implantable components, and design and development services to the medical device marketplace. Incorporated in 1991 and headquartered in the orthopaedic capital of the world, Paragon has created strategic centers of excellence within the United States, Europe and Asia. Offices and production facilities are located in Pierceton, Indiana; Indianapolis, Indiana; Smithfield, Utah; Lausanne, Switzerland; Changzhou, China and Siechnice, Poland. More information about the company may be found at www.paragonmedical.com.
Tabitha Cooper | Marketing, Communications & Project Manager | Paragon Medical
8 Matchett Dr| Pierceton, IN 46562| 800-225-6975 Ext. 10247| 574-594-2140 Ext. 10247