Kuala lumpur: Straits Orthopaedics (Mfg) Sdn Bhd (Straits), a Malaysian-based contract manufacturer specializing in orthopaedic implants and surgical instruments, has acquired Medin Technologies Inc (Medin).

According to BERNAMA News Agency, the acquisition marks a significant milestone in Straits’ global expansion efforts and enhances its ability to deliver integrated solutions to original equipment manufacturers (OEMs) worldwide. With over two decades of experience in the global orthopaedic market, this acquisition positions Straits to offer a more comprehensive range of manufacturing capabilities.

Straits Chief Executive Officer, Scott Gareiss, highlighted that Medin’s expertise in design, vertical integration, and quality control complements Straits’ existing offerings. He noted that the addition of Medin’s case and tray product lines would expand the company’s capabilities in supporting joint replacement, trauma, extremities, spine, and power equipment.

Medin General Manager, Hans de Waal, welcomed the acquisition, emphasizing that the company has been a significant player in the orthopaedic market since 1979. He stated that joining Straits enables Medin to provide comprehensive solutions across multiple segments as a global contract manufacturing organization (CMO), including fully kitted instrument sets ready for distribution.

Medin, a US-based manufacturer of sterilization cases and trays for the orthopaedic sector, operates two manufacturing facilities in Totowa, New Jersey, and Manchester, New Hampshire. Quadria Capital Partner and Straits Board Director, Ewan Davis, mentioned that the acquisition aligns with the firm’s commitment to expanding Straits’ global footprint and enhancing patient impact.

Kirkland and Ellis and PricewaterhouseCoopers acted as advisors to Quadria and Straits for the transaction.