Arcline Investment Management (“Arcline”), a growth-oriented private equity firm, announces it has entered into a definitive agreement to sell its portfolio company Medical Manufacturing Technologies (“MMT”), to Perimeter Solutions, Inc (NYSE: PRM) (“Perimeter”) for $685 million. Based in Charlotte, North Carolina, MMT is a leading global provider of medical device manufacturing solutions, serving as a single-resource partner for automated, process-driven medical manufacturing. The company supports more than 1,000 customers — including many of the world’s leading medical technology OEMs and CDMOs — in the production of complex interventional medical devices such as catheters, guidewires, stents, microcoils, and related components.
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Source: https://www.prnewswire.com/news-releases/arcline-to-sell-medical-manufacturing-technologies-to-perimeter-solutions-for-685-million-302638695.html