Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, has acquired Comco, a specialist in micro-precision sandblasting.
Charlotte-headquartered MMT designs, manufactures, and services machinery used in the production of interventional medical devices, components, and consumables, including guidewires, catheters, and microcoils. Company-owned brands include CATHTIP, Engineering by Design, Glebar, SYNEO, and Tridex. Arcline first invested in MMT in 2019.
Comco specializes in manual and automated micro-precision and high-velocity sandblasting systems that blend clean, dry air with abrasive particles as small as 17.5 microns, allowing for precise abrasive processing—deburring, texturing, cleaning, and modifying part surfaces—in the medical device, aerospace, microelectronics, and precision machining industries.
Comco was founded in 1968 and pioneered micro-scale abrasive blasting. Over the past 57 years, the company has refined its surface treatment systems for applications ranging from medical and dental manufacturing to silicon wafer cutting and fossil and gem preparation. Comco is headquartered near Los Angeles in Burbank, California.
“We are thrilled to expand our range of comprehensive manufacturing solutions with the acquisition of Comco,” said Robbie Atkinson, the CEO of MMT. “This new partnership will strengthen our position as a trusted end-to-end provider of medical and specialized industrial manufacturing services and solutions worldwide. Comco’s commitment to quality products, exceptional customer support, and outstanding technical assistance aligns perfectly with MMT’s dedication to innovation and customer care, ultimately helping customers achieve success.”
“We’re thrilled to announce our collaboration with MMT, a trusted leader in automated, process-driven manufacturing,” said Colin Weightman, the president of Comco. “By combining our unique strengths and expertise, we are committed to delivering innovative solutions that will enhance the customer experience and propel the manufacturing industry towards new heights of success.” Post-closing, Mr. Weightman will join MMT as Technical Sales Director focusing on the growth of abrasive technologies.
Arcline Investment Management, based in New York City, focuses on control investments in companies with recurring revenue models across sectors such as defense and aerospace, industrial and medical technology, life sciences, and specialty materials. The firm targets companies with EBITDA ranging from $10 million to $100 million and enterprise values up to $1 billion. In March 2023, Arcline closed its third fund with $4.5 billion in capital commitments, following its $2.75 billion second fund closure in January 2021.
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