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’ 2nd transaction in the United States.
  • This is Wytech Industries’ 2nd 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
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
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 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-13 Mountain Manufacturing Technologies

Lino Lakes, Minnesota, United States

Mountain Manufacturing Technologies is a research & development-driven contract manufacturer with a full range of machining and fabricating capabilities for enhanced product design, prototyping, component manufacturing, and volume production. Mountain Manufacturing Technologies was founded in 1988 and is based in Lino Lakes, Minnesota.

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