Jade Precision Medical Components and Jade Equipment Corporation acquired by ARCH Global Precision
ARCH Global Precision (“ARCH”) has acquired Jade Precision Medical Components (“JPMC”) and Jade Equipment Corporation (“JEC”), each located in Huntingdon Valley, Pennsylvania. JPMC is a manufacturer of high-precision medical implants serving the Spine, Trauma and Extremity segments of the Orthopaedic market. JMPC will join ARCH’s growing medical division, ARCH Medical Solutions (“AMS”). JEC is a manufacturer of tight-tolerance precision components and assemblies, primarily serving the Semiconductor and Aerospace & Defense industries. JEC will join ARCH’s Precision Components division.
“We are pleased to announce the acquisition of Jade Precision Medical Components, and we welcome all of the JPMC colleagues and customers to the ARCH family of companies” commented Paul Barck, Divisional President of ARCH Medical Solutions. “Strategically, JPMC will significantly expand AMS’ implant manufacturing capabilities within the Spine, Trauma and Extremities markets. JPMC’s broad expertise and reputation as a supplier of choice for many of the largest and fastest growing Orthopaedic OEM’s aligns perfectly with our approach to the market and serving its customers. We look forward to continuing to provide the highest levels of customer support that has been the hallmark of JPMC’s growth, while offering expanded capacity and capabilities through our other AMS businesses."
ARCH’s Precision Components Divisional President, Andy Spiering, commented, “We are excited about the acquisition of JEC as it brings added scale and expanded capabilities, specifically as it relates to hard metal machining and clean room assembly technology. Furthermore, JEC’s focus on complex semiconductor and aerospace applications, strong quality management system and broad range of manufacturing capabilities compliments our expanding Precision Components division.”
Brian Manley, the former majority owner and Chairman of Jade Precision Medical Components and Jade Equipment Corporation, commented, “I am pleased to announce the sale of JMPC and JEC to ARCH. In choosing an acquirer to sell to, it was extremely important to find a buyer who had a strong understanding of our businesses and placed a high degree of emphasis on maintaining our company culture. Given ARCH’s acquisition track record and growing reputation as a leading manufacturer of medical devices and precision-machined components, I quickly identified ARCH as the ideal buyer.” John Delp, the former minority owner and President of Jade Equipment Corporation, commented, “ARCH has acquired two great companies and is committed to the continued growth of JPMC and JEC. The entire Jade team could not be more excited about the sale to ARCH and the opportunities that lie ahead.” Mr. Delp will continue in his current role as the President of JEC during a transition period.