MALAYSIA’S STRAITS ORTHOPAEDICS ACQUIRES US FIRM MEDIN TECHNOLOGIES

KUALA LUMPUR, July 25 (Bernama) -- Straits Orthopaedics (Mfg) Sdn Bhd (Straits), a Malaysian-based contract manufacturer specialising in orthopaedic implants and surgical instruments, has acquired Medin Technologies Inc (Medin).

In a statement, Straits said the strategic acquisition marked a significant milestone in the company’s global expansion efforts and strengthens its ability to offer integrated solutions to original equipment manufacturers (OEMs) worldwide.

With over two decades of experience serving the global orthopaedic market, this acquisition positions Straits to deliver a broader and more cohesive range of manufacturing capabilities.

Straits Chief Executive Officer, Scott Gareiss said Medin’s expertise in design, vertical integration, and quality control complements the company’s existing offerings.

“The addition of Medin’s case and tray product lines expands our capabilities in supporting joint replacement, trauma, extremities, spine, power equipment, and more,” he added.

Medin General Manager, Hans de Waal welcomed the acquisition, noting that the company has been a key player in the orthopaedic market since 1979.

“Joining Straits enables Medin to provide comprehensive solutions across multiple segments as a global contract manufacturing organisation (CMO), including fully kitted instrument sets ready for distribution,” he said.

A United States (US)-based manufacturer of sterilisation cases and trays for the orthopaedic sector, Medin operates two manufacturing facilities in Totowa, New Jersey, and Manchester, New Hampshire.

Meanwhile, Quadria Capital Partner and Straits Board Director, Ewan Davis said the acquisition is in line with the firm’s commitment to enhancing Straits’ global footprint and driving greater patient impact.

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

-- BERNAMA