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Acquisition brings additional resources to Tegra, including micro molding, that will help it to meet global customer demand.

PlasticsToday Staff

November 15, 2016

2 Min Read
Swiss manufacturer buys Tegra Medical

A contract manufacturer serving the medical device industry, Tegra Medical (Franklin, MA) announced yesterday that it is being acquired by SFS Group AG, a supplier of custom precision formed components and mechanical fastening systems headquartered in Heerburg, Switzerland. Tegra Medical will become an SFS company and will continue operations under the Tegra Medical brand, with headquarters still located in Franklin.

The senior management team, including President and CEO J. Mark King, will remain. King will also take a position on the SFS Group Executive Board. Terms of the transaction have not been disclosed. 

As the medical device marketplace evolves to support more outsourcing to contract manufacturers, this acquisition positions Tegra Medical to more easily grow along with its customers, while adding increased capabilities from SFS, such as micro molding and cold forming. “As an end-to-end solutions provider, we are focused on meeting and exceeding our customers’ expectations,” said King in a prepared statement. “We’re all about being responsive and flexible. As an SFS company, we’ll have even more resources to help us expand and offer what our customers need, where and when they need it.”

Tegra Medical provides a range of services from prototyping to full production, including PEEK machining and molding, insert molding and CNC milling and turning. It operates facilities in the United States and Costa Rica and is certified to ISO 13485 and FDA registered.

“This is an exciting time for the SFS Group because we’ve been looking for the right manufacturer to add focused medical device expertise to our company,” said Jens Breu, SFS Group CEO. “We are impressed with the breadth of Tegra Medical’s capabilities, the depth of their skills and experience, and the deep commitment of their employees. Not only is the company a great fit with our current manufacturing capabilities, we see synergy in terms of company principles, which include partnership, respect and a focus on the community.” 

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