Weco Manufacturing Group, a portfolio company of Fairchild Capital Partners based in Ontario, NY, acquired the assets of FTT Manufacturing and Electro Surgical Instrument Co., both of Henrietta, NY.
Founded in 1989, FTT offers precision machining, automation systems, and component assembly test with customers in a variety of end-markets, including aerospace, defense, medical, semiconductor, transportation, and energy. ESI, founded in 1896, has been manufacturing lighted retractors and other lighted surgical instruments for over 125 years.
The acquisitions represented Weco’s third and fourth precision machining acquisitions in the last 28 months.
“We are excited to welcome the employees of FTT and ESI into the Weco family” says Weco CEO, Mike Faulkner. “The capacity and capability that comes with these acquisitions allow us to better serve our customers and support their growth. It also brings us an ISO 13485 registered Quality Management System that will allow us to extend our customer intimate value proposition into the medical device market.”