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Riverside Partners Announces Acquisition of CTW, Inc. and Partnership with Tegra Medical
Date:1/19/2010

Orthopaedic-focused contract manufacturing company CTW, Inc. of Mississippi and Massachusetts-based medical device manufacturer Tegra Medical to join forces and expand orthopaedic market penetration

Boston, MA (PRWEB) January 19, 2010 -- Riverside Partners, a private equity firm based in Boston, MA, is pleased to announce its majority investment in CTW, Inc., an orthopaedic-focused contract manufacturing company based in Hernando, Mississippi on behalf of one of its portfolio companies, Tegra Medical, headquartered in Franklin, MA. Riverside financed and completed the transaction in conjunction with the existing CTW and Tegra management teams. CTW will leverage Tegra's organizational infrastructure by supporting CTW with resources to expand its orthopaedic market penetration.

CTW is an outsourced manufacturer for medical device OEMs with a particular focus on orthopaedics. CTW partners with its customers to manufacture highly engineered medical devices and components in orthopaedic specialties, particularly spine, trauma, knees, hips, and dental applications. The growing importance of cost-effective healthcare makes it essential to manufacture medical devices with greater precision to reduce procedural time and length of stay in the hospital. CTW utilizes its proven expertise to help OEM clients improve design for manufacturability and assembly and reduce time to market.

"Riverside is very excited to invest additional capital and continue to back the existing management team at CTW as they continue to grow. We believe CTW is a world-class supplier to

Source: PRWeb
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