Arcamed Enters 'The Warsaw of Tennessee'

Posted: Updated:
Jon Desalvo is president and CEO of Arcamed. Jon Desalvo is president and CEO of Arcamed.
INDIANAPOLIS -

An Indianapolis-based medical case and tray manufacturer is expanding its orthopedic industry footprint. Arcamed Inc. has acquired Memphis-based Veracity Medical Solutions. Chief Executive Officer Jon Desalvo says the deal gets the Hoosier company into the market he calls the "Warsaw of Tennessee," making reference to the Kosciusko County and southern cities' global strength in orthopedics manufacturing.

In an interview with Inside INdiana Business, Desalvo says the acquisition is two years in the making. "We found Veracity Medical about six or seven months ago. From a cultural-fit perspective, this is the first company that we've come across that really matches our values and the way we like to do business and it is a great bolt-on," Desalvo said about the surgical instrumentation and implant contract manufacturer, "because we feel we'll be able to service the orthopedic environment or market in a way that we have been already from the case and try side."

Desalvo says the Veracity name and Memphis presence will remain and nearly 20 employees are part of Arcamed, which employs around 40. He says the acquisition offers some synergies, including the same "call point" for Veracity and Arcamed customers "and we now have an orthopedic customer base of over 100 customers, which should really open a lot of doors for us to grow both of these businesses strategically."

You can connect to more about the acquisition by clicking here.

Indianapolis-based Arcamed Inc. Chief Executive Officer Jon Desalvo says the acquisition is two years in the making.
  • Perspectives

    • Cyber Security: Out of Your Control - or Not?

      Good chance YOU have been a victim of a cyber security attack!  When a company gets hacked, you and other customers become the “victims” of the breach. That puts your identity at risk!  The FTC estimates 9 million Americans are victims of identity theft each year!  What’s the greatest potential for identity theft?  On-line shopping! Yikes!

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • An abandoned East Chicago neighborhood is fenced off for safety. (photo ctsy: The Times of Northwest Indiana)

      New Housing Coming to East Chicago

      The Indiana Housing & Community Development Authority has selected a Chicago nonprofit to participate in a new workforce housing program in East Chicago, according to our partners at The Times of Northwest Indiana. The nonprofit organization A Safe Haven Foundation was awarded a $700,000 grant from the IHCDA that will support the new construction of single-family homes in the West Calumet neighborhood. 

    • A New Way of Thinking for Drug Addiction Recovery

      The long war against drug addiction continues to rage, with the opioid crisis representing the latest front of the battle. As with any long fight, our strategy must change as the forces of death and destruction find new ways to attack those most vulnerable. According to the Centers for Disease Control and Prevention, 68% of the 70,200 drug overdose deaths in 2017 involved an opioid – six times higher than in 1999.

    • (photo courtesy Joseph Pete/The Times of Northwest Indiana)

      ArcelorMittal to Idle Furnace at Indiana Harbor West

      ArcelorMittal plans to idle a blast furnace at its Indiana Harbor West in East Chicago. A spokesperson tells our partners at The Times of Northwest Indiana employees will be reassigned and there will be no layoffs as a result of the move. 

    • Graduates from the 1st cohort for manufacturing at Branchville Correctional Facility (photo ctsy: Dept of Corrections)

      Manufacturing Skills Training for Inmates

      The Indiana Department of Correction is trying to help fill voids in the state’s manufacturing workforce by preparing and training low-risk inmates before they are released. Branchville Correctional Facility in downstate Perry County just graduated its first cohort of the Catapult Training Program, following a four-week course in basic manufacturing skills. The facility is classified as a Level II Low Medium Security Correctional Facility. In an interview with...

    • Calumet Specialty Sells Texas Refinery

      Indianapolis-based Calumet Specialty Products Partners (Nasdaq: CLMT) has closed on the sale of its San Antonio,Texas refinery, crude oil terminal and pipeline to Starlight Relativity Acquisition Co. LLC. Starlight agreed to pay $63 million in cash for the plant, property and equipment.