Paramit Corporation Expands Operations to Three Continents with Acquisition of S.I.E SOLUTIONS

Paramit Corporation announced today that as part of its planned strategic expansion into Europe, it has agreed to acquire Austrian-based S.I.E. SOLUTIONS. Paramit, headquartered in Silicon Valley with operations in California and Malaysia, designs and manufactures electronics based medical devices and life science instruments, while S.I.E SOLUTIONS, headquartered in Lustenau, Austria, is a leading designer, manufacturer, and provider of embedded technology solutions to customers across the healthcare and security technology industries.

Audax-Backed Katena Products Announces the Acquisition of Micro-Select Instruments, Inc.

Katena Products (“Katena”), a leading global provider of precision ophthalmic instruments, biologics, and devices to hospitals, surgical centers, and ophthalmic and optometric offices announces the purchase of Micro-Select Instruments Inc.(“Micro-Select”). Micro-Select was founded in 2005 by Lenny Moll and Mike Dorenkamp and is located in St. Clair, MO. The business specializes in manufacturing high precision ophthalmic instruments including forceps, needle holders, and speculums.

Northfield Medical Manufacturing, LLC Announces Acquisition of Custom HealthcareSystems, Inc.

Northfield Medical Manufacturing, LLC (“Northfield”), a medical manufacturing and distribution company based in Norfolk, VA, announced Friday the acquisition of Richmond-based Custom Healthcare Systems, Inc. (“CHS”), a manufacturer of custom sterile surgical kits and procedural trays for health care distributors and end-user facilities. Northfield will fully merge its operations with the operations of CHS. The terms of the deal were not disclosed.

Cotton Creek Capital Announces Acquisition of ConeCraft, LLC

Cotton Creek Capital (“Cotton Creek”) is pleased to announce the majority recapitalization of ConeCraft, LLC (“ConeCraft”), a leading engineer and manufacturer of customized equipment for the pharmaceutical and biopharmaceutical industries. Headquartered in Fort Worth, Texas, ConeCraft designs and fabricates customizable bins, mixers, bioreactors, tube management systems and other equipment for research and production in the single-use biopharmaceutical market. Counting the world’s largest biopharmaceutical companies, life science integrators, and EPCs as customers, ConeCraft customizes and tailors product designs to user specifications.

BioDuro and Sundia Partner as an Industry Leading Contract Research, Development and Manufacturing Organization

BioDuro, a global life science research and development organization backed by Advent International (“Advent”), and Sundia, a leading contract research and manufacturing organization, today announced that they have partnered to create one of the largest CRDMOs (contract research, development and manufacturing organizations) with major operations in China and the US. The combined company will operate as BioDuro-Sundia, providing fully integrated drug discovery, development and manufacturing for both API (Active Pharmaceutical Ingredients) and drug products. Advent led a majority investment in Sundia, with Bridgewest Capital as co-investors. Financial terms were not disclosed.

Thomas H. Lee Partners and Frazier Healthcare Partners Acquire Adare from TPG Capital

Thomas H. Lee Partners, L.P. (“THL”) and Frazier Healthcare Partners (“Frazier”) today announced they have acquired Adare Pharmaceuticals, which will be rebranded Adare Pharma Solutions (“Adare”), a leading specialty contract development and manufacturing organization (CDMO) and global provider of advanced pharmaceutical technologies, from TPG Capital. The acquisition includes Adare’s CDMO, pharmaceutical technology and microbiome businesses, while TPG Capital will retain rights to Adare’s Eosinophilic Esophagitis (EoE) product, which has been spun out into a separate entity.

Nutriband Inc. Completes Acquisition of Transdermal Manufacturing Business for $7.5M

Nutriband Inc. (OTCQB: NTRB), a Nevada Corporation, announced that it has completed the acquisition of Pocono Coated Product’s Transdermal and Health product manufacturing business effective August 31, 2020. Pocono Coated Products was established in 2004 with a focus on the manufacturing of custom coated products and providing manufacturing and development services for 3rd party partners. One main area of focus for Pocono is on transdermal and topical product manufacturing, The acquisition also includes the simultaneous acquisition by Pocono of Active Intelligence, LLC a veteran-founded company and the manufacturer of Active Intelligence kinesiology tape.

TEAM Technologies Acquires Baril Corporation, Expanding Portfolio of Healthcare Solutions

TEAM Technologies, Inc. (“TEAM”), a leading North American healthcare specialty manufacturer focused on serving oral & dental care and medical end markets, announced today that it has acquired Baril Corporation (“Baril”), a leading medical specialty manufacturer of infection prevention, wound care, clinical chemistry, patient monitoring, and medical and surgical consumable products. TEAM is backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), who acquired the company in 2018. Financial terms were not disclosed.

Pace Analytical® Acquires Emerson Resources, Inc.

Pace Analytical® Services, LLC, the largest American-owned laboratory network providing environmental and life sciences analytical information and services, today announced that it has acquired Emerson Resources, Inc., a pharmaceutical contract development and manufacturing organization (CDMO) specializing in dosage form development and clinical trial material manufacturing. Services provided by Emerson Resources are focused on solid oral dosage formulation development and the production of clinical trial materials in support of bringing pharmaceutical and biopharmaceutical products to market.

NN, Inc. Announces Sale of Life Sciences Division for $825M

NN, Inc. (NASDAQ: NNBR), a diversified industrial company, announced Monday a definitive agreement under which NN, Inc.’s Life Sciences division will be purchased by affiliates of American Securities LLC for the purpose of being combined with its portfolio company, MW Industries, a provider of highly engineered springs, specialty fasteners, bellows and other precision components. Under the terms of the transaction, the Life Sciences division will be purchased for $825 million, including $755 million (subject to customary adjustments) in cash payable at closing of the transaction and an additional $70 million earnout payable in cash based on the 2022 performance of the Life Sciences division.