Integer Holdings Acquires Precision Coating, a Katahdin company

• Katahdin Industries has sold substantially all assets of Precision Coating to Integer Holdings Corporation. The transaction was completed on January 7, 2025.

• Precision Coating, a provider of proprietary coatings for the Medtech industry, has expanded through multiple acquisitions and now operates across five facilities in North America and Costa Rica.

Katahdin Industries has announced the sale of Precision Coating to Integer Holdings Corporation, with the transaction closing on January 7, 2025. Precision Coating specialises in surface functionality solutions for Medtech customers, offering proprietary coatings and contract manufacturing services for medical devices.

Since 2006, Precision Coating has expanded significantly, growing its platform through five acquisitions, including CHN Metal Finishing, Medi-Solve, and Boyd Coatings Research. The company also pursued automation, material development, and a greenfield expansion in Costa Rica, contributing to a ten-fold increase in scale. Today, it operates from four sites in North America and one in Costa Rica.

Commenting on the sale, Tim Cabot, Chairman of Katahdin, stated, “We identified precise control over surface treatment as a key feature in the medical device manufacturing process. Over time, our market focus has allowed us to expand and enhance our specialized, high-value, and innovative application solutions.”

Bill Ellerkamp, President of Precision Coating, expressed optimism about the transition, highlighting Integer’s ability to leverage Precision Coating’s proprietary technologies. He noted the alignment of company cultures and the opportunity for continued growth under Integer’s leadership.

Piper Sandler & Co. acted as the exclusive financial advisor to Katahdin, while Ruberto, Israel, & Weiner, P.C. provided legal advisory services for the transaction.