ATLANTA, March 3, 2015 /PRNewswire/ -- American Biosurgical, LLC (“ABI”) (www.americanbiosurgical.com) a privately owned, custom medical cable manufacturer actively engaged in the design, development and production of innovative medical interconnect technologies for the world’s leading medical device companies has announced the acquisition of MTI Corporation, a high precision, low volume custom medical cable manufacturer based in North Carolina. The new business will retain the MTI brand under the name MTI Medical Cables.
The acquisition expands ABI’s customer base; and introduces a new product segment, pressure transducer monitoring, within the patient monitoring market. With MTI’s production facility in Asheville, North Carolina, American Biosurgical adds US manufacturing capabilities to complement its existing overseas manufacturing in China.
“We are excited about this acquisition,” said ABI’s President and CEO, Jim Martin. “This strategic move provides us with a stronger presence in North America and will help us diversify our customer base and product mix. MTI has a long history with key customers who have already expressed excitement about our capabilities to produce high volume, low cost cables for them through our overseas factories. We will continue to pursue acquisition targets similar to MTI as we expand our footprint in the U.S.”
About American Biosurgical
Headquartered in Atlanta, GA with offshore manufacturing facilities in Shenzhen, China, American Biosurgical is the primary supplier to many of the world’s largest medical device OEMs. ABI is a privately owned manufacturer engaged in the design, development and production of innovative medical and non-medical interconnect technologies. For more information, please visit our website at www.americanbiosurgical.com.
About ACM Capital Partners
Headquartered in Miami, ACM Capital Partners is a national financial and operational advisory firm specializing in assisting middle market companies in transition. ACM’s team of professional advisors has assisted clients ranging from small businesses to Fortune 100 Companies. Since 2008, ACM has successfully completed over 100 assignments and capitalized or recapitalized over $1.4 billion for its clients. ACM Capital Partners is proud to be recognized in Inc. 500/5000 as one of the fastest-growing private companies in America in 2013 and 2014 and appears periodically on Fox Business News.
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SOURCE American Biosurgical
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