In a news release, Tegra Medical President and CEO Bob Roche said the new facility would enable his company to provide customers with a low-cost alternative to help them better manage costs for mature products facing pricing pressures.
“We’ve established our GENESIS Tech Center, Quick Wire & Tube service and Lean Centers of Excellence in the United States to execute our new product launches efficiently,” he noted. “We will make additional investments in capabilities and infrastructure so our Costa Rican operation will have many of the same systems and capabilities as our other manufacturing plants.”
During the next few months, Tegra will add Swiss machining and a Class-7 controlled manufacturing environment for assembly and packaging. The company also will pursue ISO 13485 and 9001 certifications for the Costa Rican facility, Roche said.
Formed in 2007, Tegra Medical manufactures wire and tubular components for the medical device industry. The company was formed by private equity firm Riverside Partners LLC, which brought together three companies—New England Precision Grinding, Accu-Met Laser and American Medical Instruments.