Rahway, NJ – April 2, 2024 – Wytech Industries and its affiliate company Mountain Manufacturing Technologies, supported by Vance Street Capital, purchased the assets of Silvertip & Associates on April 1st, for the creation of a strategic grinding division located in Minneapolis, MN, that is focused on the development and production of medical mandrels (wire and metal tube) to the global medical device market.
“As the interventional medical device market continues to expand in clinical applications, there is an increased demand for innovative catheter solutions from medical device manufacturing companies. These companies seek supply chain partners knowledgeable in materials and processes who can engineer solutions to improve their internal production efficiencies. Silvertip expands Wytech and Mountain Manufacturing’s capability for new ground mandrels and ensures fast response to the market’s R&D needs,” said Michael Janish, Managing Partner at Vance Street Capital.
“For nearly 40 years, Silvertip has developed advanced centerless grinding expertise and is known for taking on difficult materials from exotic materials like titanium to commonly used stainless steel to advanced polymers such as PEEK. Finding a world-class partner that shares our vision for growth and employee values was very important to me and my employees,” said Dale Peterson, Owner of Silvertip and Associates.
“As we searched for partners that could complement Wytech and Mountain Manufacturing’s position as leading suppliers of mandrels (processing aids) to the medical device industry, we became very excited as we learned the depths of Silvertip’s grinding expertise and their ability for quick turn response. We are very happy to partner with Dale Peterson as we continue to serve the medical device mandrel market,” said Dave Ohmann, CEO of Wytech Industries.
“Mountain Manufacturing continues to search for additional ways to provide value to our medical device customers and their contract manufacturing suppliers. Localization of manufacturing in highly concentrated customer regions is one path for achieving speedy response time for R&D and production. Silvertip and Dale Peterson’s team have also demonstrated unique know-how for grinding advanced materials, complementing Mountain Manufacturing and Wytech’s expertise in stainless and Nitinol grinding. We are very excited to leverage this partnership with Silvertip to expand our FastLane material store and offer these advanced materials by Q3,” said Tom Berg, President of Mountain Manufacturing.
About Silvertip and Associates
Silvertip was founded in 1988 by a 3rd generation owner of the Peterson family and originally founded in 1932 by Robert S Peterson), as a metal finishing company in Minneapolis. This business transitioned to Robert Peterson Jr and was heavily focused on the hydraulic industries by the 1970s. In 1988, Dale Peterson invested in precision grinding to support the family finishing business and to serve the local Twin Cities market and has become highly focused on serving local medical manufacturing for the last 36 years. Silvertip and Associates is in Blaine (Minneapolis), MN, and provides precision centerless grinding services. For more information, please visit Centerless Grinding Professionals (silvertipgrinding.com)
About Wytech Industries
For nearly 50 years, Wytech and its affiliate company, Mountain Manufacturing, have been committed to earning their position as the preferred development and manufacturing partner for mandrels, core wires, heat set tooling, and micro-machined components for medical device OEMs and contract manufacturing organizations (CMOs). Wytech engineers simple manufacturing solutions for complex wire and metal tubing design applications. For more information, please visit wytech.com.
About Mountain Manufacturing Technologies
Founded in 1988 by Tom Berg, MMT is a leading research & development-driven contract manufacturer with a full range of machining and fabricating capabilities for enhanced product design, prototyping, component manufacturing, and volume production. MMT’s customers range from leading Tier 1 customers to start-ups designing highly engineered access, delivery, and closure systems used with complex medical devices. Located in Lino Lakes, MN, MMT is ISO 13485:2016 certified. For more information, please visit https://mountainmfg.net.
About Vance Street Capital LLC
Vance Street Capital is a middle-market private equity firm investing in highly engineered solutions businesses across the medical, aerospace, defense, and industrial sectors. Vance Street’s partners have worked with management teams and family owners for over two decades to accelerate revenue growth, improve operations, and acquire strategic assets for the companies in their investment portfolio. For more information, please visit http://www.vancestreetcapital.com.
Contact:
Jeri Lynne Swamp, Digital Marketing
P: 860-331-9935
Wytech Strengthens Precision Grinding Capabilities with Silvertip & Associates Acquisition
Rahway, NJ – April 2, 2024 – Wytech Industries and its affiliate company Mountain Manufacturing Technologies, supported by Vance Street Capital, purchased the assets of Silvertip & Associates on April 1st, for the creation of a strategic grinding division located in Minneapolis, MN, that is focused on the development and production of medical mandrels (wire and metal tube) to the global medical device market.
“As the interventional medical device market continues to expand in clinical applications, there is an increased demand for innovative catheter solutions from medical device manufacturing companies. These companies seek supply chain partners knowledgeable in materials and processes who can engineer solutions to improve their internal production efficiencies. Silvertip expands Wytech and Mountain Manufacturing’s capability for new ground mandrels and ensures fast response to the market’s R&D needs,” said Michael Janish, Managing Partner at Vance Street Capital.
“For nearly 40 years, Silvertip has developed advanced centerless grinding expertise and is known for taking on difficult materials from exotic materials like titanium to commonly used stainless steel to advanced polymers such as PEEK. Finding a world-class partner that shares our vision for growth and employee values was very important to me and my employees,” said Dale Peterson, Owner of Silvertip and Associates.
“As we searched for partners that could complement Wytech and Mountain Manufacturing’s position as leading suppliers of mandrels (processing aids) to the medical device industry, we became very excited as we learned the depths of Silvertip’s grinding expertise and their ability for quick turn response. We are very happy to partner with Dale Peterson as we continue to serve the medical device mandrel market,” said Dave Ohmann, CEO of Wytech Industries.
“Mountain Manufacturing continues to search for additional ways to provide value to our medical device customers and their contract manufacturing suppliers. Localization of manufacturing in highly concentrated customer regions is one path for achieving speedy response time for R&D and production. Silvertip and Dale Peterson’s team have also demonstrated unique know-how for grinding advanced materials, complementing Mountain Manufacturing and Wytech’s expertise in stainless and Nitinol grinding. We are very excited to leverage this partnership with Silvertip to expand our FastLane material store and offer these advanced materials by Q3,” said Tom Berg, President of Mountain Manufacturing.
About Silvertip and Associates
Silvertip was founded in 1988 by a 3rd generation owner of the Peterson family and originally founded in 1932 by Robert S Peterson), as a metal finishing company in Minneapolis. This business transitioned to Robert Peterson Jr and was heavily focused on the hydraulic industries by the 1970s. In 1988, Dale Peterson invested in precision grinding to support the family finishing business and to serve the local Twin Cities market and has become highly focused on serving local medical manufacturing for the last 36 years. Silvertip and Associates is in Blaine (Minneapolis), MN, and provides precision centerless grinding services. For more information, please visit Centerless Grinding Professionals (silvertipgrinding.com)
About Wytech Industries
For nearly 50 years, Wytech and its affiliate company, Mountain Manufacturing, have been committed to earning their position as the preferred development and manufacturing partner for mandrels, core wires, heat set tooling, and micro-machined components for medical device OEMs and contract manufacturing organizations (CMOs). Wytech engineers simple manufacturing solutions for complex wire and metal tubing design applications. For more information, please visit wytech.com.
About Mountain Manufacturing Technologies
Founded in 1988 by Tom Berg, MMT is a leading research & development-driven contract manufacturer with a full range of machining and fabricating capabilities for enhanced product design, prototyping, component manufacturing, and volume production. MMT’s customers range from leading Tier 1 customers to start-ups designing highly engineered access, delivery, and closure systems used with complex medical devices. Located in Lino Lakes, MN, MMT is ISO 13485:2016 certified. For more information, please visit https://mountainmfg.net.
About Vance Street Capital LLC
Vance Street Capital is a middle-market private equity firm investing in highly engineered solutions businesses across the medical, aerospace, defense, and industrial sectors. Vance Street’s partners have worked with management teams and family owners for over two decades to accelerate revenue growth, improve operations, and acquire strategic assets for the companies in their investment portfolio. For more information, please visit http://www.vancestreetcapital.com.
Contact:
Jeri Lynne Swamp, Digital Marketing
P: 860-331-9935
Mountain Manufacturing to Exhibit at Medical Technology Ireland Expo in Collaboration with European Sales Partner AVEM
Wytech (Rahway, NJ), will be exhibiting at the Medical Technology Ireland Expo and Conference on September 20-21, 2023, alongside our European Sales Partner, AVEM. This year we are excited to showcase our sister company’s innovative precision machining services, Mountain Manufacturing (St. Paul, Minnesota), renowned for their groove catheter mandrels and heat set tooling for forming Nitinol implants. Together, Wytech and Mountain Manufacturing produce over 83 million components annually through precision cutting, grinding, and machining services.
Visit booth 53b also to learn how being a registered Wytech’s FastLane user on our webstore will provide quicker webstore purchases and discounts to R&D wire and metal tubing materials.
Mountain Manufacturing Technologies joins Vance Street Capital to complement Wytech Industries as a strategic wire and metal tube supplier in the interventional and advanced surgical markets
Los Angeles, CA – October 13, 2022 – Vance Street Capital LLC (“Vance Street”), a Los Angeles-based private equity firm, today announced the acquisition of Mountain Manufacturing Technologies (MMT) to complement Wytech Industries as a strategic wire and metal tube supplier in the interventional and advanced surgical markets.
“As we searched for partners that could complement Wytech’s position of high volume dead straight mandrels to the interventional market, we became very excited as learned the depth of Mountain Manufacturing’s mandrel expertise. From every aspect, Mountain’s position as a specialty mandrel supplier for large diameter, hollow core, grooved mandrels, and specialty metals is a perfect fit to Wytech’s scale and volume,” said Mike Janish, Managing Partner at Vance Street.
“For nearly 30 years we have grown as a medical device supplier through our expertise in advanced precision machining and taking on difficult development projects, whether that was custom tooling or custom components. Finding an investment partner that shared our vision for growth, passion for innovation, and employee values was very important to me. Extrapolating our last few years of growth into the future, we are happy to have Vance Street’s support for these reasons as we plan out our additional capital and potential facility expansion,” said Tom Berg, Founder at Mountain Medical Technologies.
“As Wytech continues to grow our customers based in Structural Heart and Electrophysiology markets, the requests for specialized mandrels, made from harden tool steel, thick wall tubing, and large diameter rod with custom features has grown considerably. With the Mountain organization, we can now support mandrels of all sizes, shapes, and materials which will be very welcomed by Wytech’s customers. We are also excited to leverage Mountain’s vast experience for making precision tooling that improves the productivity of heat setting and electropolishing implants and medical instruments,” said Dave Ohmann, CEO at Wytech.
About Mountain Manufacturing Technologies (MMT)
Founded in 1988 by Tom Berg, MMT is a leading research & development-driven contract manufacturer with a full range of machining and fabricating capabilities for enhanced product design, prototyping, component manufacturing, and volume production. MMT’s customers range from leading Tier 1 customers to start ups designing the most complex access, delivery and closure systems used with complex medical devices. Located in Lino Lakes, MN; MMT is ISO 13485:2016 certified and an FDA Registered Manufacturing Facility. For more information, please visit https://mountainmfg.net
About Vance Street Capital LLC
Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the medical, aerospace, defense, and industrial sectors. For over two decades, Vance Street’s partners have worked with management teams and family owners to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. For more information please visit: https://www.vancestreetcapital.com
Contact:
Jeri Lynne Swamp, Digital Marketing Manager
P: 860-331-9935
MMT’s New Website!
Thank you for visiting our new website!
We’re able to more clearly show our facility, our wonderful team, and the services we can provide for your manufacturing needs! Take some time to browse the new website and reach out to us if you’d like to get a project started.