Seisa Medical, El Paso, Texas, has acquired Bay Area-based businesses ProtoQuick Inc. and Peridot Corp. The transactions will add expertise to Seisa’s plastics and metals capabilities while also expanding their global infrastructure for high-volume production of FDA Class II and Class III devices.
Seisa is a full-service provider of integrated manufacturing and development services to the medical device industry. “With these acquisitions, Seisa establishes a strong presence in the Bay Area, a hub of innovation in the medical device sector,” said Julio Chiu, founder, and CEO of Seisa Medical. “This acquisition demonstrates Seisa’s commitment to investing in vertical capabilities to create end-to-end solutions that deliver value to our customers.” Patrick Pickerell, president and co-founder of Peridot Corp. added, “The synergy created by Peridot’s advanced machining capability coupled with Seisa’s laser tube cutting and high-volume offerings make for a powerful device manufacturing partner for today’s medical device market.”
The acquisitions of ProtoQuick and Peridot follow Seisa’s 2019 acquisition of Burpee MedSystems, a New Jersey-based expert in the development and manufacturing of implantable stents and delivery devices, with expertise in laser machining, surface finishing, nitinol forming, and shaping, and welding. Seisa funded the Peridot and ProtoQuick transactions through its $50 million credit facility with KeyBank, Wells Fargo, and Bank of the West.
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