Aptyx buys Medical Murray’s Charlotte medical device facility
A 30,000-square-foot Charlotte R&D and manufacturing facility opened in 2019 by Illinois-based medical device company Medical Murray is under new ownership.
Tempe, Arizona-based Aptyx, a global developer and manufacturer of complex components and devices for the life sciences, bought the facility for an undisclosed sum and says it will retain the existing workforce of approximately 80 people.
Both firms are privately held. Medical Murray will continue to operate separately through its two remaining facilities in the Chicago suburbs of Lake Zurich and North Barrington. The company offset the sale of the Charlotte site with the construction of a 30,000-square-foot addition in Illinois.
“This marks a significant step in our growth strategy, strengthening our interventional product capabilities and end-to-end offerings, driving innovation, and delivering greater value to our OEM life science customers,” said Gregg Tobin, president and CEO of Aptyx. “It is a key element of our original blueprint and just the beginning of our evolution, with much more growth to follow.”
The company said the acquisition is an integral part of Aptyx Interventional Systems, fortifying the company’s interventional and implantable expertise with a rich pool of engineering talent.
“This move lets us focus on what we do best, which is designing and manufacturing complex catheters and implants,” said Andy Leopold, CEO of Medical Murray.
Aptyx says it has “more than 10” locations across the United States, Canada, Mexico and China employing more than 1,000 people.
One of those people is Chris Steadham, a long-time North Carolina Biotechnology Center Advisory Committee member for the Greater Charlotte Office, who is now a vice president of technology for Aptyx.
"Medical Murray has been a great family-owned corporate citizen as well as an important provider of products and services improving lives around the world," said Corie Curtis, executive director of NCBiotech’s Greater Charlotte Office. “We look forward to an ongoing relationship with the former Medical Murray team, working now with Aptyx as the latest addition to the Greater Charlotte area’s life sciences community.”
The Charlotte facility is at 8531 Steele Creek Place Drive, near the Charlotte-Douglas International Airport.
The Aptyx acquisition was managed by private equity firm TruArc Partners. Medical Murray worked with Areida Group, a Chicago-area boutique advisory firm specializing in accounting and auditing.