NEWS RELEASE: Aptyx amplifies its expertise in complex interventional products with the acquisition of Medical Murray’s North Carolina facility
Tempe, Arizona – Aptyx, a leading global developer and manufacturer of complex components and devices for the life sciences, today announced the acquisition of the Charlotte, North Carolina facility of Medical Murray, which develops and produces catheter-based interventional products and transcatheter implants.
“This marks a significant step in our growth strategy, strengthening our interventional product capabilities and end-to-end offerings, driving innovation, and delivering greater value to our OEM life science customers,” said Gregg Tobin, President and CEO, Aptyx. “It is a key element of our original blueprint and just the beginning of our evolution, with much more growth to follow.”
This acquisition will become an integral part of Aptyx Interventional Systems, fortifying the company’s interventional and implantable expertise with a rich pool of engineering talent.
The transaction enables design and development center support and advanced manufacturing for customers and bolsters expertise in catheter-based interventional products and transcatheter solutions, including implantable stents and frames, complex catheters, and delivery systems. It expands the company’s ISO Class 7 footprint and brings particular expertise in biotextiles such as ePTFE covering for stents and frames. Aptyx has long been known for producing highly engineered products and extreme proficiency in the manufacture of mission-critical molding, extrusion, coating solutions and medical device assembly. By combining with Medical Murray, Aptyx will now be able to provide a complete manufacturing solution for catheter-based interventional and implantable products
Eric Leopold, who served as CTO of Medical Murray and leader of the Charlotte, North Carolina business will join Aptyx post-acquisition as SVP.
“We’re committed to conquering technical challenges and delivering on time and cost-efficient products for the structural heart, vascular, neurovascular, and other key end markets,” Leopold said. “Joining Aptyx and combining our comprehensive experience in interventional markets provides the rocket fuel for long-term growth.”
Charlotte team members will become part of Aptyx. Medical Murray will continue to operate separately through its two facilities in the Chicago area.
“Aptyx Interventional Systems broadens the Aptyx footprint in the high-growth interventional market and adds competitive and high-value manufacturing and Design & Development capabilities,” said John Pless, co-managing partner, TruArc. “Continued investment is planned to further support customers in the life sciences industry, reinforcing Aptyx’s position as a trusted outsource manufacturing partner.”
Parker Poe Adams & Bernstein acted as legal counsel and Raymond James as financial advisor to Aptyx and TruArc Partners. Buckley Fine acted as legal counsel and Areida Group as financial advisor to Medical Murray
About Aptyx
Aptyx is a global manufacturing partner that engineers smart solutions to help customers solve tough challenges with confidence. With a broad range of specialized capabilities including engineering, molding, extrusion, coatings, and assembly, the company manufactures complex components and devices for the life sciences and other demanding industries. Headquartered in Tempe, Arizona, Aptyx has dedicated production facilities across the United States, Canada, Mexico, and China. The Aptyx name symbolizes the “aptitude meets excellence” approach found in every aspect of the company’s operations. Visit www.aptyx.com or follow us on LinkedIn.
About Medical Murray
Since 1996, Medical Murray has been a privately owned company producing finished medical devices, components and subassemblies for customers around the world ranging from startups to largest OEMs. The company specializes in development, testing, and manufacturing complex catheters and permanent implants for vascular, gastrointestinal, urologic, and other interventional markets.
About TruArc Partners
TruArc Partners is a private equity firm focused on middle-market control investments. TruArc focuses on companies in attractive sub-sectors across specialty manufacturing and business services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. Visit truarcpartners.com.
The opinions expressed in this news release are the author’s only and do not necessarily reflect those of Medical Tubing + Extrusion or its employees.
