TEAM Technologies has acquired medical speciality manufacturer Baril to expand die-cutting and laminating of medical materials for skin-contacting device solutions.
The acquired company manufactures infection prevention, wound care, clinical chemistry, patient monitoring, and medical and surgical consumable products.
The financial terms of the agreement have not been disclosed by the companies.
Furthermore, the acquisition combines complementary manufacturing processes of the companies and expands their capabilities within healthcare markets.
TEAM president and CEO Marshall White said: “We are thrilled to welcome the Baril team into the TEAM Technologies family as we continue building our portfolio of healthcare manufacturing technologies and capabilities.
“Not only does Baril offer highly complementary products and solutions for our infection prevention and control efforts but Baril also facilitates our expansion into other attractive medical-end markets, including wound care and wearable sensors, utilising Baril’s expertise in skin-contacting technologies.”
Baril owner and CEO Dan Baril said: “We have been successful in driving growth by offering deep knowledge and process expertise in flexible materials and adhesives to our healthcare customers. By combining with TEAM, we enter our next phase of growth with expanded product capabilities and greater customer reach.”
Covington Associates acted as the exclusive financial advisor to Baril and selling shareholders.
TEAM is backed by Clearlake Capital Group, which acquired the company in 2018. The company provides a range of services, including product design and development, and device manufacturing, assembly and packaging.