Wytech Strengthens Precision Grinding Capabilities with Silvertip & Associates Acquisition

They will focus on the development and production of medical mandrels.

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Wytech Industries and its affiliate company Mountain Manufacturing Technologies, supported by Vance Street Capital, purchased the assets of Silvertip & Associates on April 1, for the creation of a strategic grinding division located in Minneapolis, MN, that is focused on the development and production of medical mandrels (wire and metal tube) to the global medical device market. 

“As the interventional medical device market continues to expand in clinical applications, there is an increased  demand for innovative catheter solutions from medical device manufacturing companies. These companies seek  supply chain partners knowledgeable in materials and processes who can engineer solutions to improve their internal  production efficiencies. Silvertip expands Wytech and Mountain Manufacturing’s capability for new ground  mandrels and ensures fast response to the market’s R&D needs,” said Michael Janish, Managing Partner at Vance  Street Capital. 

"For nearly 40 years, Silvertip has developed advanced centerless grinding expertise and is known for taking on  difficult materials from exotic materials like titanium to commonly used stainless steel to advanced polymers such  as PEEK. Finding a world-class partner that shares our vision for growth and employee values was very important to  me and my employees," said Dale Peterson, Owner of Silvertip and Associates. 

"As we searched for partners that could complement Wytech and Mountain Manufacturing's position as leading  suppliers of mandrels (processing aids) to the medical device industry, we became very excited as we learned the  depths of Silvertip's grinding expertise and their ability for quick turn response. We are very happy to partner with  Dale Peterson as we continue to serve the medical device mandrel market," said Dave Ohmann, CEO of Wytech  Industries. 

"Mountain Manufacturing continues to search for additional ways to provide value to our medical device customers  and their contract manufacturing suppliers. Localization of manufacturing in highly concentrated customer regions  is one path for achieving speedy response time for R&D and production. Silvertip and Dale Peterson's team have  also demonstrated unique know-how for grinding advanced materials, complementing Mountain Manufacturing and  Wytech's expertise in stainless and Nitinol grinding. We are very excited to leverage this partnership with Silvertip  to expand our FastLane material store and offer these advanced materials by Q3," said Tom Berg, President of  Mountain Manufacturing. 

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