Graham Manufactures Clean Bill of Health
July 18th, 2018
PHILADELPHIA, July 18, 2018 – Graham Partners, a private investment firm targeting industrial technology and advanced manufacturing companies, is pleased to announce that it has invested in Medbio, LLC (“Medbio”), an outsource manufacturer offering innovative design and engineering, manufacturing, assembly and packaging solutions, primarily serving the medical and biotechnology industries. Medbio specializes in clean room precision injection molding of medical-grade thermoplastics for leading device original equipment manufacturers. Medbio is Graham Partners’ most recent investment sourced through its targeted, research-based Investment Theme Program.
The company benefits from a number of strong underlying growth drivers in the healthcare space, including conversions toward medical device outsourcing, disposables, plastics, and micro-molded components. Medbio currently serves leading cardiovascular, biotechnology, neurology, ophthalmology, and orthopedic original equipment manufacturers. Graham’s investment thesis in Medbio is premised on continuing to provide customers industry-leading products and solutions while executing on several other strategic objectives, including facility expansions, new technology and capability additions, and add-on acquisitions to further build the platform.
Joe Heinmiller, Managing Principal at Graham Partners, states, “Graham was attracted to Medbio’s state-of-the-art operations and longstanding history of providing customers with industry-leading quality products and services. We look forward to partnering with Medbio’s strong, experienced management team and utilizing our industry expertise and operating partner network to continue the company’s success.”
Chris Williams, President and CEO of Medbio, adds, “The knowledge, experience, and resources Graham Partners brings to the table convinced us they were the right partner to support Medbio during an exciting period of rapid growth. We are eager to collaborate with the Graham team and tap into their industry and operational resources to enhance and expand Medbio.”
About Medbio (medbioinc.com)
Medbio is an outsource manufacturer specializing in clean room injection molding of plastic components for medical and biotechnology devices, as well as mold tooling, device assembly, and packaging. Headquartered in Grand Rapids, Michigan, the company manufactures single use, disposable products for high growth end markets and is differentiated by its ability to serve as a one-stop-shop for outsourced manufacturing. Medbio’s niche position has resulted in longstanding customer relationships in an industry that is benefiting from multiple conversion tailwinds and attractive macro healthcare trends.
FOR FURTHER INFORMATION CONTACT:
Joe Heinmiller (firstname.lastname@example.org)
Josh Wilson (email@example.com)
Christina Morin (firstname.lastname@example.org)