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  1. SPT Acquires MedTorque

    Strong Precision Technologies (“SPT”), a Fund IV portfolio company, through its wholly-owned operating unit, Inland Midwest Corporation (“Inland Midwest”), has acquired MedTorque, Inc. (“MedTorque”).   The transaction closed in September 2012, marking SPT’s fourth acquisition since its formation in June 2011.

    MedTorque is a provider of contract manufacturing services to the medical device industry with a focus on highly complex orthopedic and spinal applications.  The combined capabilities of Inland Midwest and MedTorque allow SPT to offer a single-source solution for surgical instruments and implants with best-in-class precision machining and related ancillary services – a unique value proposition within the industry.

    SPT is a leading provider of high-tolerance precision machined components and assemblies for leading OEMs in the medical device and industrial markets.  Based in Elk Grove Village, Illinois, SPT operates four business units:  Comet Tool, Duro-Life, Inland Midwest and MedTorque.  Inland Midwest and MedTorque comprise the business units within SPT focused on medical device applications.

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