Marmon Holdings Acquires Majority Stake in Colson Medical to Expand Precision Orthopedic Surgical Instrument Portfolio

On November 4, 2019, VCBeat (WeChat ID: vcbeat) learned via Business Wire that Marmon Holdings, a U.S. industrial holding company, announced the acquisition of Colson Medical, a subsidiary of the medical device company Colson Associates. Specific financial details of the transaction were not disclosed.

Following the completion of this acquisition, Marmon Holdings will hold a 60% stake in Colson Medical. Marmon Holdings has stated that it will acquire the remaining shares of Colson Medical within the next five years. It is reported that after being integrated into Marmon Holdings, Colson Medical will continue to be led by its current president, Chris Smith, and will expand its medical device business into the global market.

Marmon Holdings, established in 1953 and headquartered in Chicago, Illinois, USA, is a global industrial holding company. The company comprises 15 diversified businesses, 13 independent business sectors, and approximately 185 independent manufacturing and service operations. Marmon Holdings operates in countries including the United States, China, the United Kingdom, Spain, and Germany, with revenues exceeding $8.1 billion in 2018.

In 2008, Berkshire Hathaway, led by the renowned global investor Warren Buffett, acquired a majority stake in Marmon Holdings. In January 2016, Mr. Ptak was promoted to Chairman and Chief Executive Officer of Marmon Holdings. In November 2017, Angelo Pantaleo was appointed President and Chief Operating Officer of the company.

The late Chicago business leader Robert Pritzker was one of the founders of Marmon Holdings. After leaving Marmon Holdings, he established his own medical device company, Colson Associates. Founded in 2002 and headquartered in Chicago, USA, Colson Associates is primarily engaged in the development, manufacturing, and distribution of innovative medical devices, committed to providing innovative solutions for healthcare professionals and patients.

Headquartered in Illinois, USA, Colson Medical is a medical device company under Colson Associates. Originally affiliated with Marmon Holdings, the company was acquired by Mr. Robert Pritzker, who has since spearheaded its development. Colson Medical specializes in the field of orthopedic diseases, committed to providing high-precision medical equipment and instruments for patients with orthopedic conditions.

Since its inception, Colson Medical has maintained a strong partnership with Marmon Holdings. The company collaborates with Acumed, OsteoMed, MicroAire, and Precision Edge—medical device developers under the Marmon Holdings umbrella—to jointly provide high-precision plates, screws, and related precision instruments for orthopedic surgeries.

Angelo Pantaleo, Chairman and CEO of Marmon Holdings, said, “We are delighted to welcome Colson Medical back into the Marmon family. Its addition provides our team with a robust platform for growth, and I am confident that its innovative technologies, proprietary products, manufacturing processes, and outstanding reputation will help accelerate Marmon’s development.”

Warren Buffett, Chairman and CEO of Berkshire Hathaway, stated, “We are very pleased with Marmon Holdings’ acquisition of Colson Medical. The specialized medical device market is a highly attractive sector, and as such, Colson Medical’s business will be held in high regard. Berkshire Hathaway and Marmon Holdings will continue to help these businesses thrive.”

(Compiled by Xu Xiaoxue)