Machine Solutions acquires Steeger USA

FLAGSTAFF, Arizona – Machine Solutions Inc. continues to grow its presence in the medical device market as evidenced by a recent announcement that it has acquired Steeger USA.

 

Based in Spartanburg, South Carolina, Steeger USA is the leading manufacturer of braiding equipment for the medical device industry. It will become a Machine Solutions company, significantly expanding the newly combined company's range of products and services across its three brands: MSI, Vante and Steeger USA.

 

In addition to its focus on the medical device industry, Steeger USA also designs, develops and manufactures braiding equipment for the electronics, aerospace and composites markets. Its product line complements Machine Solutions' high-end technology portfolio serving the medical device industry. 

With 11,000+ machine installations worldwide and a global team of over 150 associates, Machine Solutions' partnership with Steeger USA better equips the combined company to service its diverse customer base.

 

This transaction marks the second add-on to the Machine Solutions platform in the past 16 months following its acquisition by St. Louis, Missouri-based private investment firm, Forsyth Capital Investors, in 2011. In August 2013, the company acquired Vante. The acquisitions of Vante and now Steeger USA, complemented by numerous organic growth initiatives at Machine Solutions, highlight Forsyth Capital Investors' commitment to building the business with a truly long-term approach.