Katena Products, a portfolio company of Audax Private Equity, has acquired Rhein Medical. Audax acquired Katena from Cortec Group in June 2015.
Rhein Medical is a manufacturer of ophthalmic surgical instruments and devices that are used in cataract and refractive surgery, glaucoma and corneal procedures. The company was founded in 1988 by John Bee and Carl Wortham and is headquartered in St. Petersburg, FL (www.rheinmedical.com).
Katena Products is a provider of surgical instruments, biologics, medical devices and optical lenses to physician offices, hospitals and ambulatory surgery centers. The company sells its products in more than 110 countries through a US-based sales force and an international distributor network. Katena is headquartered near Newark in Denville, NJ (www.katena.com).
“The acquisition of the Rhein Medical product line is an important addition to Katena’s product portfolio. The combination of these two renowned brands will bring internal synergies as well as offer physicians a more complete resource for handheld instrumentation,” said Mark Fletcher, CEO of Katena Products.
Audax makes control investments of $10 million to $100 million in middle market companies with transaction values of $25 million to $500 million. Sectors of interest include industrial manufacturing; energy; outsourced industrial services; consumer products; healthcare devices and services; non-asset based logistics; technology; aerospace & defense; business services; and direct marketing. The firm was founded in 1999 and has offices in Boston, New York and Menlo Park (www.audaxgroup.com).
© 2017 Private Equity Professional | October 26, 2017