Machine Solutions

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INDUSTRIJA
Machine Solutions
Equipment manufacturer for healthcare industry
Acquired 100% of Assets
Steeger USA
Braiding machinery manufacturer for healthcare ind
Advised on Sale of Company

Advised Steeger USA in its sale to Forsyth Capital

Advised Steeger USA in its sale to Forsyth Capital, a financial buyer. Steeger USA is a leading manufacturer of braiding manufacturing equipment for the medical device industry. Steeger USA provides fine-wire braiding, coiling, and custom designed equipment to the medical, micro-electronics, wire & cable, technical textile, and composite materials industries. As a specialist with fine wire and fibers, the company's industry leading equipment provides solutions to meet our customers' diverse product applications. Steeger USA also provides customers with access to machines for R&D work.

 

Machine Solutions Inc. was founded with the mission of providing innovative and effective proprietary mechanical solutions to a variety of complex process, testing and device design challenges.

 

Forsyth Capital Investors is a St. Louis-based investment firm focused on making long-term investments in middle-market companies operating in the capital equipment and component manufacturing and insurance services sectors.

 

The Steeger USA product line complements Machine Solutions' high-end technology portfolio serving the medical device industry. With 11,000+ machine installations worldwide and a global team of over 150 associates, Machine Solutions' partnership with Steeger USA better equips the combined company to service its diverse customer base.

 

"Adding Steeger USA further broadens the products and services we provide our medical device customers and allows Machine Solutions to enter other high-precision industries through Steeger USA's diverse braiding applications and customer base. We are honored to have Steeger USA join the Machine Solutions family as we build the market leading supplier of medical device equipment," stated Ryan Gable, Chairman and CEO of Machine Solutions Inc.

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