Four Companies Merge to Create a One-Stop Medtech Outsourcing Resource

Four companies have merged to create a vertically integrated medical device outsourced manufacturer.

The new company, called EG Gilero, recently was created through the combination of Gilero Biomedical (Research Triangle Park, N.C.), InField Medical (Durham, N.C.) and the medical businesses of eNNOVEA (Austell, Ga.) and ValTech Holdings (Rochester, N.Y.). The companies were brought together by Columbus, Ohio-based Ernie Green Industries Inc. (EGI). EGI already owned eNNOVEA. The other companies were bought and merged together, Tim Hopper, chief marketing officer for EG Gilero, told MPO. The goal, according to Hopper, was to leverage the medical device talents of these companies and create a unified organization that could “bring a device from design to distribution.” Hopper served as managing partner and co-founder of InField Medical.

“Over the past year, market research was conducted with current and potential customers to uncover industry expectations and unmet needs. The outcome of the research was instrumental in EGI’s goal to create the broad design-to-distribution service offering of EG Gilero,” said John Walter, director of business development, eNNOVEA.

The company’s new slogan is “Medical Innovation, Together”—which the leadership of the combined firm says is intended to demonstrate the company’s mission of being “an extension and trusted partner” of its customers’ internal efforts.

Financial details of the deal were not disclosed. EGI is privately held. Hopper noted that there will be no reduction or combination of facilities and that management teams of the previous companies will continue to run day-to-day activities. EGI, primarily, has focused on manufacturing and molding components for the automotive industry.

“We are very excited to partner with our customers and their own innovation efforts. With EG Gilero’s comprehensive service offering, industry expertise and extensive resources, we look forward to accelerating their device timelines from concept to commercialization,” Hopper said.

EG Gilero will provide the medical device, drug delivery, and pharmaceutical packaging markets with a single-source resource for design, development and manufacturing.

The combined organization has facilities in Durham and Asheboro, N.C.; Rochester, N.Y.; Columbus, Ohio; Austell, Ga.; Erie, Pa.; and Shenzhen, China.

“Being able to leverage tooling, full contract manufacturing, and supply chain management capabilities with Gilero’s design, development and regulatory capabilities was the next logical step to efficiently support our customers,” said Ted Mosler, president and chief technology officer of Gilero Biomedical.

The consortium will offer design, tooling, testing, regulatory, manufacturing, assembly, packaging and distribution/logistics services.

“This unique strategic consolidation of capabilities and expertise will provide customers a new level of service,“ said Jim Gaffney, president, ValTech Holdings.

Customers include inventors, physicians, researchers/universities, startup companies, and large multi-national organizations

“Today is an exciting day for the company and I am very pleased the entire management team of the original companies will continue on with the new EG Gilero organization,” said Larry Jutte, president and chief operating officer of EGI. “Having their continued expertise and leadership will be a key factor in our future success of exceeding customer expectations.”