PR Newswire08.25.20
Team Technologies Inc., a healthcare specialty manufacturer focused on serving oral & dental care and medical end markets, has acquired Baril Corporation, a 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), who acquired the company in 2018.
Offering the benefits of a variety of services ranging from product design and development to finished device manufacturing, assembly, and packaging, Team Technologies is suited to meeting the needs of healthcare product companies seeking innovative and efficient commercialization, product development, and manufacturing solutions. The combination with Baril adds a heritage in die-cutting, laminating, and device assembly solutions, and a base of healthcare customers. The union brings together complementary manufacturing processes and deepens both organizations' capabilities within healthcare end markets.
"We are thrilled to welcome the Baril team into the Team Technologies family as we continue building our portfolio of healthcare manufacturing technologies and capabilities," said Marshall White, president and CEO of Team. "Not only does Baril offer highly complementary products and solutions for our infection prevention and control efforts, but Baril also facilitates our expansion into other attractive medical end markets, including wound care and wearable sensors utilizing Baril's expertise in skin-contacting technologies."
"Today is a proud day in the history of Baril Corporation as we combine with Team," said Dan Baril, CEO and owner of Baril. "We have been successful in driving growth by offering deep knowledge and process expertise in flexible materials and adhesives to our healthcare customers. By combining with Team, we enter our next phase of growth with expanded product capabilities and greater customer reach."
Financial terms of the deal were not disclosed.
Offering the benefits of a variety of services ranging from product design and development to finished device manufacturing, assembly, and packaging, Team Technologies is suited to meeting the needs of healthcare product companies seeking innovative and efficient commercialization, product development, and manufacturing solutions. The combination with Baril adds a heritage in die-cutting, laminating, and device assembly solutions, and a base of healthcare customers. The union brings together complementary manufacturing processes and deepens both organizations' capabilities within healthcare end markets.
"We are thrilled to welcome the Baril team into the Team Technologies family as we continue building our portfolio of healthcare manufacturing technologies and capabilities," said Marshall White, president and CEO of Team. "Not only does Baril offer highly complementary products and solutions for our infection prevention and control efforts, but Baril also facilitates our expansion into other attractive medical end markets, including wound care and wearable sensors utilizing Baril's expertise in skin-contacting technologies."
"Today is a proud day in the history of Baril Corporation as we combine with Team," said Dan Baril, CEO and owner of Baril. "We have been successful in driving growth by offering deep knowledge and process expertise in flexible materials and adhesives to our healthcare customers. By combining with Team, we enter our next phase of growth with expanded product capabilities and greater customer reach."
Financial terms of the deal were not disclosed.