Resonetics® Acquires Eden Holdings, Adding Injection Molding to its Capabilities
Rhea-AI Summary
Resonetics (NYSE:CG) has acquired Eden Holdings, comprising Eden Manufacturing and Eden Tool, to expand its precision manufacturing capabilities in the medical device sector. The acquisition integrates Eden's expertise in micro-molding, insert-molding, and advanced machining and tooling with Resonetics' established metal processing capabilities.
Eden, founded in 2000, specializes in Class 101 production tooling for the MedTech industry and serves high-growth markets including robotic surgery, minimally invasive surgery, electrophysiology, and rapid diagnostics. The strategic acquisition enhances Resonetics' ability to deliver integrated solutions across materials and technologies for complex medical devices.
Positive
- Strategic expansion into precision micro-molding and tooling capabilities
- Access to high-growth medical device markets including robotic surgery and diagnostics
- Enhanced integrated solutions offering across materials and technologies
- Complementary addition to existing metal processing expertise
Negative
- Integration challenges may arise from combining different manufacturing processes
- Potential operational complexity in managing expanded capabilities
News Market Reaction
On the day this news was published, CG gained 1.41%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Acquisition adds precision micro-molding, insert molding, and advanced machining and tooling to Resonetics' portfolio of precision manufacturing capabilities.
Founded in 2000, Eden has built a strong reputation for its expertise in precision tooling and machining, which evolved into high precision micro and insert molding for critical medical devices. The company also specializes in Class 101 production tooling for the MedTech industry, delivering molds and components that demand uncompromising precision, complex geometries, and exceptional quality. Eden's engineering-driven approach to mold design and manufacturing ensures consistent, reliable solutions that meet the rigorous standards of leading MedTech OEMs.
"With the addition of Eden, we are enhancing our ability to deliver integrated solutions across materials and technologies. Eden's strength in injection molding and precision tooling is a critical addition, bringing valuable new capabilities that complement our metal processing expertise across our entire portfolio and enable us to deliver a more integrated offering to our customers," said Kevin Kelly, CEO of Resonetics.
"Joining Resonetics gives Eden access to greater resources and a global platform to better serve our customers. We're excited to combine our precision tooling, insert molding, and micro-molding expertise with Resonetics' advanced technologies to provide even more value to the medical device industry," said David Tomic, President of Eden.
The acquisition of Eden expands Resonetics' polymer capabilities and adds another key area of expertise, reinforcing its position as a differentiated partner delivering micro manufacturing solutions for complex medical devices.
About Resonetics
Founded in 1987, Resonetics is a pioneer in advanced engineering and manufacturing solutions for the medical device industry. Resonetics is a leader in laser processing, nitinol manufacturing, thin-wall stainless steel, nitinol & precious metal tubing, and photochemical machining. With strategically located LightSpeed Labs® and AGILE Product Development® centers, Resonetics is committed to quality, speed, innovation, and a great customer experience. The company is ISO 13485:2016 certified with 17 facilities and more than 3,000 associates in
About GTCR
Founded in 1980, GTCR is a leading private equity firm that invests behind The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than
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SOURCE Resonetics, LLC