CALEDONIA, Mich.--(BUSINESS WIRE)--Aspen Surgical Products, Inc. (“Aspen”), a leader in surgical disposable products, announced the acquisition of Stork® (“Stork”), a division of Briggs Healthcare.
Founded in 1958, the Stork line of products includes high-quality, branded sterile disposable obstetric products, such as the PlastiBell® Disposable Circumcision Device, the Amnihook® Amniotic Membrane Perforator, the Double-Grip® Umbilical Cord Clamp, the Umbilical Cord Clamp® Clipper, the U-Bag® Pediatric Urine Collection Bag, and the Ready-Rolled® FootPrinter. The acquisition of Stork strengthens Aspen’s broad portfolio of medical and surgical disposables sold into the acute care market.
“The Stork branded products have been a market leader in the labor and delivery space for over 50 years,” said Jason Krieser, CEO of Aspen. “The line fits very well with our current operational and commercial infrastructure, and we believe it is a sound platform for future growth in the obstetrics and gynecology space.”
“Including Stork, we have completed five acquisitions in the last 18 months,” Jason continued. “This, along with our internal manufacturing investments, commercial enhancements, and new product introductions, has helped us improve and expand our portfolio, providing more value to both our distribution partners and our end-user customers.”
About Aspen Surgical Products, Inc.
Established in 1999, Aspen is a leading manufacturer of surgical disposables focused on improving patient and healthcare provider safety and efficiency in the hospital and surgery center environment. The company’s extensive portfolio includes Bard-Parker® blades and scalpels, Precept® personal protective equipment, Protek® probe covers and needle guides, surgical marking pens, orthopedic positioners, basic wound care, and instrument care products. Aspen facilities in Caledonia, Michigan; Las Piedras, Puerto Rico; and Agua Prieta, Mexico offer vertically integrated, North American manufacturing capabilities including injection molding, sewing, ultrasonic welding, die cutting, automated assembly, and packaging as well as blade stamping, grinding, and finishing. Aspen Surgical products are sold through a strong, integrated channel which includes a corporate accounts team working synergistically with a field sales organization, along with a close distributor and kit-packer network. Backed by Audax Private Equity, Aspen is poised for both organic growth and growth through acquisition. For more information please visit: www.aspensurgical.com or follow us on LinkedIn.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 950 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.