In July 2007, RAMCO made a significant investment in 3-D Machining. 3-D is a best-in-breed contract manufacturer of high precision machined components specialized in orthopedic implants and specialty instruments for the major medical device OEMs.
The company custom machines titanium and other precious metals into a variety of medical products used in arthroscopic, orthopedic, laparascopic, cardiovascular, spinal and medical diagnostic markets.
3-D was founded in 1994 by the Davis family who remain partners and senior management. Excellence and innovation distinguish the company as an industry leader. |
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Business Criterion
The company has excellent long term prospects propelled by a trend toward outsourcing by major medical device OEMs and demographics of fast-aging Baby boomers, injury-prone weekend athletes and an overweight population.
Management Criterion
3-D continues to be managed by Jim and Joe Davis, sons of the founder, who are experienced engineers and successful entrepreneurs with significant business experience.
Financial Criterion
The company has a consistent history of double-digit growth in annual revenue and adjusted EBITDA margins > 30%.
Acquisition Criterion
3-D is a business that has operated with consistent earnings thereby permitting our determination of future cash flows with a high degree of certainty. |
