Financial & Business

Medical Manufacturing Technologies Acquires GenX Medical

The deal will strengthen the company’s end-to-end manufacturing service offering.

By: Michael Barbella

Managing Editor

Medical Manufacturing Technologies (MMT) is bolstering its extrusion prowess with the purchase of medtech tubing and custom extrusion supplier GenX Medical. Terms of the deal were not disclosed.

Founded in 2015, GenX Medical provides micro-bore tubing, bioresorbable extrusions, and complex custom solutions to the medical device industry. Its rapid prototyping aligns seamlessly with MMT’s mission to drive advancements in medical device manufacturing processes, according to MMT executives. By integrating GenX Medical’s expertise and knowledge, MMT is poised to elevate its manufacturing equipment and applications.

“We are thrilled to add GenX Medical to our manufacturing services platform and proud to welcome a talented team of committed manufacturing experts. Together, we will continue to deliver exceptional products and services that drive innovation in our industry,” MMT CEO Robbie Atkinson said. “This acquisition underscores our commitment to advancing medical device manufacturing innovations and allows us to further provide efficient and cost-effective solutions to customers worldwide.”

The acquisition aims to strengthen MMT’s end-to-end manufacturing service offering. Providing advanced extrusions to address the evolving needs of medical device manufacturers, this comprehensive solution empowers global manufacturers with the essential expertise and support to ensure operational success.

“We are excited to join forces with MMT,” GenX Medical President/Owner Tyler Ware stated. “By leveraging our combined strengths and capabilities, we aim to deliver cutting-edge solutions that will benefit our customers, drive further successes in manufacturing and positively impact patients worldwide.”

Ware will become technical director of the combined company, helping to drive MMT’s growth, enhancing partnerships, and ensuring continued innovation in medical device extrusion.

The purchase of GenX Medical is MMT’s ninth acquisition and eleventh brand. Its portfolio of companies includes CATHTIP, Engineering by Design, Glebar, Interface Catheter Solutions, MMT Automation, MPT Europe, R&D Engineering, Somex Automation, SYNEO, and Tridex Technology.

Medical Manufacturing Technologies is a single-resource solution for automated process-driven medical manufacturing—streamlining complex medical device solutions with an emphasis on precision and finely tuned efficiency. The company offers process development, applications and equipment, technical solutions, and after-market support.

GenX Medical is a custom medical tubing supplier specializing in micro-bore tubing, bioresorbable extrusions, multi-lumen tubing, or any other kind of extrusion. The company is dedicated to the quick delivery of prototype quantities of custom medical extrusions but can also handle production quantity orders at reasonable prices.

Arcline Investment Management is a growth-oriented private equity firm with $9.1 billion in cumulative capital commitments. Arcline seeks to invest in technology-driven, meaningful to the world industrial businesses that enable a better future.

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