Sverica Announces Resonetics has Acquired Medelec, Establishes European Headquarters and Adds Swiss Precision Tubing

Resonetics, which is backed by GTCR and Sverica Capital Management (“Sverica”), announced today that it has acquired Medelec, Puidoux, Switzerland, a leading supplier of metal tubing and other components to the medical device industry. Founded in 1952, Medelec has evolved over three generations of ownership by the Butty family. The company has developed a reputation for the highest quality tubing used in medical devices and works with a wide range of metals including assorted stainless steels and precious and semi-precious metals. In addition to fabricating tubing from flat stock, Medelec offers additional manufacturing capabilities including laser cutting and welding and CNC machining.

“We are excited about the Medelec team joining Resonetics. Marc and Sandra Butty have established a very strong reputation in the Medtech industry for precision and quality and have made significant investments in technology to complement their decades of experience” said Tom Burns, President & CEO, Resonetics.

About Resonetics
Founded in 1987, Resonetics is a pioneer in laser micro manufacturing and provides contract manufacturing services to the life sciences industry. Resonetics designs, builds and integrates its own laser workstations to solve complex manufacturing challenges and has invested heavily in leading edge technology. Combining state-of-the-art laser systems with a large and innovative technical team allows Resonetics to partner with customers and provide winning solutions that meet all technical, quality and economic requirements. Learn more at www.resonetics.com. Resonetics was acquired by Sverica in October 2014 and recapitalized by Sverica in February 2018 with GTCR taking a majority stake and Sverica and Resonetics management retaining a minority stake in the company.