An Italian global contract manufacturer expects to grow in the medical field through its deal with Indiana-based Danco Medical.
Danco Medical recently sealed an agreement with Lincotek, which has acquired a major stake in the company. Lincotek Medical offers supply chain solutions in niche markets including orthopedic device companies.
"This is a perfect match between the two companies as we are able to offer a 360-degree service around all possible needs of the global orthopedic device industry," Lincotek Group CEO Winfried Schaller said in the press release, "We believe that this will generate a unique platform for the industry, which is addressing major needs around supply chain simplification and lead-time reductions. Effectively offering all supply chain steps from one source."
Danco is a medical device surface preparation and finishing company that offers an ample range of product identification methods to medical orthopedic device companies.
Through the collaboration, the two companies will prioritize all aspects of surface finishing for the medical market.
“With Danco Medical joining the Lincotek Group, it will strengthen our growth strategies by creating a fully integrated portfolio that will support our customer needs and expectations,” Danco Medical CEO Ross Tiamson said in the release. “Our company values are aligned, and are well established – Danco Medical looks forward to this next chapter.”
The partnership will increase Lincotek's presence in the medical field with the addition of a 35,000-square-foot plant that employs 150 workers.