#United States #San Jose #MedTech #GCM #Kettmann Machining

GCM's Strategic Acquisition of Kettmann Machining

GCM, a prominent player in the outsourced manufacturing sector focusing on precision components for the medical technology (MedTech) industry, has announced an important acquisition that could redefine its growth trajectory. The acquisition of Kettmann Machining, Inc., a well-established manufacturer known for its precision-machined components, not only broadens GCM's capabilities but also cements its standing as a vital partner in the MedTech realm.

Founded by Larry Kettmann in 1983, Kettmann Machining has spent over four decades honing its expertise in delivering high-precision parts crucial for next-generation medical devices. This recent acquisition is significant as it adds a state-of-the-art 40,000-square-foot facility in San Jose, California, strategically located near GCM’s existing operations in Silicon Valley, thereby increasing their production capacity and technological capabilities.

Seamus Meagher, the CEO and President of GCM, expressed enthusiasm about integrating Kettmann into their fold. He described it as a move that aligns perfectly with GCM’s strategic vision of offering complex, mission-critical components needed by the MedTech industry. "Kettmann's long-standing commitment to quality and innovation will be instrumental in enhancing our service offerings," Meagher stated. This sentiment reflects GCM’s broader ambition to not only enhance its manufacturing capabilities but also to scale operations effectively in response to growing market demands.

Larry Kettmann, the founder of Kettmann Machining, echoed these thoughts by emphasizing the cultural and operational synergy between the two companies. He highlighted that the partnership would enable Kettmann to leverage GCM’s resources to further its growth. Over the years, Kettmann has built a reputation grounded in craftsmanship and a commitment to solving engineering challenges through collaboration and expert craftsmanship. Joining GCM means that Kettmann can not just scale its impact but can also invest in new technologies that will enhance customer offerings.

This acquisition marks GCM's second since their investment by Avista Healthcare Partners, following the addition of Precision Swiss Products in December 2024. With such strategic expansions, GCM aims to reinforce its influence in a competitive sector and enhance its reputation among OEMs looking for reliable manufacturing partners.

The integration of Kettmann Machining reflects GCM’s dedication to advancing its mission of quality and excellence in the MedTech field. As the industry increasingly leans towards more intricate and technologically advanced devices, GCM is positioning itself to meet these challenges head-on. By enhancing its manufacturing capabilities and expanding its facilities, GCM is poised to become a frontrunner in delivering tailored solutions that cater to the specific needs of the MedTech industry.

In conclusion, this acquisition is a promising step forward for GCM as it continues to build a portfolio that supports innovation, efficiency, and quality in medical technology manufacturing. The future looks bright for GCM as it embarks on this new chapter with a well-respected entity like Kettmann Machining, further ensuring its place as a leading manufacturer and partner in the MedTech landscape.

About GCM

GCM operates out of Union City, California, with additional facilities across major U.S. cities, including Chicago, Atlanta, and Wilmington, NC. Their offerings encompass precision machining and fabrication, catering to leading industries in both medical and aerospace sectors. GCM's commitment to providing comprehensive services—including supply chain management and new product introductions—positions it as a go-to partner for OEMs.

About Kettmann Machining, Inc.

Kettmann specializes in precision machining solutions, serving primarily the MedTech sector and is recognized for its impressive facility equipped with advanced CNC and fabrication technologies.

About Avista Healthcare Partners

Avista is a New York-based private equity firm that focuses on growth-oriented healthcare businesses, underpinning their investment strategy with a wealth of industry expertise and a commitment to creating long-term value.