Grand Rapids-based Autocam Medical Devices is projecting sales of approximately $100 million in 2015, following its recent acquisition of Southeastern Technology Inc., a Murfreesboro, Tenn.-based medical device manufacturer and supplier.
Autocam Medical’s sales for 2014 currently stand at about $50 million, say company officials.
“With the addition of Southeastern Technology, Autocam Medical gains a new strategic regional presence and key customer relationships,” says John Kennedy, founder and CEO of Autocam Medical. He adds the company is now positioned to become one of the most competitive medical device contract-manufacturing suppliers in the marketplace.
Like Autocam Medical, Southeastern Technology primarily serves the orthopedic and spine markets with precision implants and complex instruments. They also manufacture components for other medical applications, such as oncology and dental.
Autocam — which also operates facilities in Massachusetts, California, and Brazil — will retain all of Southeastern Technology’s employees as part of the transaction. They will operate under Autocam Medical as the Southeastern Technology division.
“(Southeastern Technology) has a highly competent and engaged team with an excellent reputation for technical and engineering expertise, quality, value, and customer service,” Kennedy says. “We don’t anticipate any changes in (Southeastern Technology) operations beyond enhancing some IT infrastructure and certain business systems.”
Editor’s note: This article was updated at 1:45 p.m. on Dec. 3 to include the Autocam Medical’s 2014 sales information.