Recently, a pioneer in laser micro manufacturing for life sciences, Resonetics revealed that they have purchased Caribou Technologies, a supplier of centerless laser processing, grinding, machining, coiling & forming for the medical device market. Besides maintaining a wide range of manufacturers of medical device in Minneapolis market, Caribou has developed a robust & increasing consumer reach in big market sectors worldwide. The firm was started in 2005 by Connie Magnuson and Wendy & Dan Honeck, the firm has witnessed consistent growth by evolving new engineered solutions & adding novel competencies to improve the experience of consumer.
Resonetics CEO & President, Tom Burns stated that Wendy, Connie & Dan have an excellent reputation in the market by creating a team with a lot of expertise & offering new methods of manufacturing. They have spent money in a 50,000 square foot facility which shows their dedication to the consumers & employees & offers an excellent venue to cater to their increasing business requirements. The deal expands the capabilities of Resonetics in various essential growth markets, most importantly structural heart, neurovascular & various interventional specialties, introducing novel capabilities of manufacturing to manufacture metal elements & sub-assemblies for prominent edge devices.
Dan Honeck stated that they are extremely proud of what they have developed at Caribou Technologies. Connie Magnuson added that they have stuck to their word of forming an excellent firm & redefining experiences of consumers & have been blessed with excellent employees and several consumers that are loyal. She further stated that it has been amazing to witness their growth in the past fourteen years. They are aware that they can accomplish more & they look forward to be collaborating with the team of Resonetics to continue developing a firm on a bigger scale.
Resonetics was started in 1987 and is a leader in manufacturing of laser micro & offers contract manufacturing services to life sciences industry. The firm outlines, develops & services its laser workstations to deal with production difficulties that are complicated. The firm provides stainless steel tubing, nitinol processing, thin-wall & valuable metal radiopaque marker bands.
GTCR was started in 1980, it is a prominent private equity company concentrating on putting money in growth firms in the Healthcare & Financial Services, Media & Telecommunications, Growth Business Services & Technology industries. The firm also searched & partnered with leaders of management in important sectors to recognize, purchase & develop market-leading firms with the help of change purchase & organic growth. Since the start, GTCR has invested in over fifteen billion in more than two-hundred firms.