SpiTrex Orthopedics Acquires Watershed Idea Foundry
In a significant move to bolster its capabilities in the MedTech arena, SpiTrex Orthopedics, a prominent player in global medical device contract manufacturing, has acquired Watershed Idea Foundry, renowned experts in titanium additive manufacturing (AM).
This strategic acquisition is set to reinforce SpiTrex’s commitment to innovative services, especially in 3D printing, as Watershed transitions to its new identity: SpiTrex 3D. With over two decades of expertise in 3D printing and medical device design, Watershed’s assimilation into SpiTrex will deliver unparalleled value to the existing and prospective clientele.
Nick Cordaro, the newly appointed President of SpiTrex 3D, expressed enthusiasm about the merger, highlighting SpiTrex’s forward-thinking vision and the opportunities arising from combining strengths with other SpiTrex sites. Matt Burba, SpiTrex Orthopedic’s CEO, emphasized the acquisition’s significance, stating that adding Watershed’s extensive Design for Additive Manufacturing experience to their portfolio solidifies SpiTrex’s standing in the Spine, Trauma, and Extremity market.
Furthermore, Rob Debney, Senior Vice President of Sales and Marketing, pointed out the mutual drive for innovation and a keen focus on customer satisfaction that the two entities share.
Summing up the acquisition’s impact, Matt Burba noted that it would extend SpiTrex’s contract manufacturing range, offering a comprehensive end-to-end AM solution encompassing every facet, from research to product delivery. Watershed’s esteemed global reputation in advising on additive manufacturing, including their consulting role with the FDA, underscores the significance of this merger in the medtech industry. SpiTrex Orthopedics, with its expanded capabilities, remains poised to make even greater strides in the realm of orthopedic implants.
For more information on this acquisition, read the full announcement here.