Sts Medical Group sarl, a leading group active in the surgical theater solutions market, acquired Italy’s Luigi Salvadori spa, a producer of custom procedure trays for surgical theaters. Luigi Salvadori, the company’s ceo and shareholeder together with his cousins Sergio Salvadori and Massimo Croci, will reinvest in STS Medical,
With about 65 million euros od revenues, STS Medical is an international group controlled by US private equity fund Monitor Clipper Partners, with offices in Cambridge, Massachusetts and Zurich, Switzerland, and STS’s ceo Augusto Orsini, an executive with over 25 years of experience in the surgical theater solutions market,
STS Medical is the newco by which Monitor Clipper and Orsini bought out German Sengewald Klinikprodukte (SKP) in november 2012. SKP is a leading international producer of drapes, gowns, and custom procedure trays for surgical theaters. The transaction included SKP’s subsidiaries, MSP Schmeiser GmbH (based in Horb am Neckar, Germany) and Texsan Medical EOOD (based in Sandanski, Bulgaria) (see here the press release).
Monitor Clipper and Mr. Orsini planned then to acquire additional businesses that provide products and services to surgical theaters, with SKP acting as the cornerstone acquisition for the group.
Founded in 1907 by Luigi Salvadori, the company was born as a wholesaler of sanitary ware and was transformed in an industrial company starting from the ’30s. Thanks to this deal, STS Medical Group enters directly in the Italian market and strenghtens its production capacity in Bulgaria where STS Medical now owns one of the best state-of-the-art production centres in East Europe, with aboiut 900 employees.