Altor Fund III has signed an agreement to acquire Orchid Orthopedic Solutions from Churchill Equity, according to a company press release.
Orchid is a supplier of design and manufacturing services of implants and instruments for the orthopedic and dental markets. The company provides design and development, implant and instrument manufacturing, advanced machining, plastics technology, implant coatings and surface treatment, as well as packaging services.
“Altor shares our view on the future development of the company and have the resources, experience, and time horizon required,” stated Mike Miller, chief executive officer of Orchid, in the release.
