Paragon Medical Announces Acquisition of Michael Bubolz GmbH
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February 26, 2015
Paragon Medical recently announced its acquisition of Michael Bubolz GmbH. The acquisition terms were not disclosed. According to the press release, Michael Bubolz, which is headquartered in Germany and has a facility in Poland, manufactures close tolerance surgical instrumentation, a wide variety of orthopaedic implantable components, and also provides complete sterile pack products. Paragon has said that as part of the acquisition, Michael Bubolz’s medical device businesses will be consolidated into its facility in Poland and will employ over 200 people.
Tobias Buck, CEO, President, and Chairman of the Board for Paragon Medical, stated:
This acquisition is yet another stepping stone to enhance Paragon’s position as a strategic partner for the medical device OEM community world-wide, and creates a geographic center of excellence for applications in the trauma, spine, sports medicine and large joint segment of orthopaedics.
According to its website, Paragon Medical is a supplier of solutions for cases and trays, surgical instrumentation (reusable and single-use), implantable components, and design & development services to the medical device marketplace, and has both offices and production facilities in Indiana, Utah, Switzerland, China, and Poland.
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