Riverside partners Tegra with Mississippi contract manufacturer
January 15, 2010 by MassDevice staff
Private equity firm Riverside Partners acquires a majority stake in CTW Inc. to bolster the manufacturing capabilities of one of its existing portfolio companies, Tegra Medical of Franklin, Mass.
Riverside Partners is wasting little time putting its latest private equity fund to work, announcing the acquisition of a majority stake in a contract manufacturing company in Mississippi and partnering the new acquisition with Franklin, Mass.-based Tegra Medical.
The new pact is intended to extend both companies' reach with OEMs in the orthopedic market. In particular, South Hernando, Miss.-based CTW Inc. has a strong position producing components for spine and trauma devices as well as knee, hip and dental applications. The company was founded in 1976, but has focused solely on precision medical device manufacturing since 2000.
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