M&A Deal Summary

Wytech Industries Acquires Silvertip

On April 2, 2024, Wytech Industries acquired metals/mining company Silvertip

Acquisition Highlights
  • This is Wytech Industries’ 1st transaction in the Metals/Mining sector.
  • This is Wytech Industries’ 1st transaction in the United States.
  • This is Wytech Industries’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-04-02
Target Silvertip
Sector Metals/Mining
Buyer(s) Wytech Industries
Deal Type Add-on Acquisition

Target

Silvertip

Blaine, Minnesota, United States
website
Silvertip is a metal finishing company that offers precision centerless grinding services to manufacturers of machined industrial parts. Silvertip was formed in 1988 and is based in Blaine, Minnesota.

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Buyer(S) 1

Buyer

Wytech Industries

Rahway, New Jersey, United States

website

Category Company
Founded 1975
Sector Manufacturing
DESCRIPTION

Wytech Industries is a manufacturer of specialty core wires and related components for the interventional medical markets. Wytech’s customers include the major medical device OEMs and contract manufacturers focused on high-growth therapies in the neurovascular, peripheral vascular, and structural heart-end markets. Wytech Industries was founded in 1975 and headquartered in Rahway, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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