Orchid’s Acquisition of Sandvik Medical Solutions is Final

Holt, MI, April 01, 2012 –(PR.com)– Orchid MPS Holdings, LLC (Orchid), owned by Altor Fund III (Altor), is pleased to announce it has completed the acquisition of Sandvik Medical Solutions (SMS), a major contract manufacturer of medical implants and instruments for the orthopedic and dental markets, from Sandvik.The new combined company will be called Orchid Orthopedic Solutions and has approximately 1500 employees. Orchid is a recognized leader in the contract design and manufacturing business in the Orthopedic, Dental and Spinal industry and it has strengthened its influence in product offerings and customer service with the acquisition of SMS, together touching ca. 30% of the world’s orthopedic implants.Orchid assumed full control and ownership for SMS on March 31, 2012.
About Orchid
Orchid Orthopedic Solutions is a worldwide leader in contract design and manufacturing for the orthopedic, dental, and cardiovascular markets. Orchid’s mission is to be the leader in contract medical design and manufacturing by compressing time to market, providing new technology, and being the best total supply-chain value. The company consists of five divisions that offer an array of implants and instruments within the five core capabilities: design, forging, machining, plastics, and coatings.