Altaris Acquires 51% Stake in Solesis from Michelin

June 1, 2021

Altaris Capital Partners has completed the acquisition of a 51% stake in Solesis from Michelin, with Michelin retaining a 49% ownership interest and partnering with Altaris to build Solesis as an independent company. Solesis, a U.S.-based biomaterials and medical-device components manufacturer operating through The Secant Group, Charter Medical and SanaVita Medical, employs approximately 360 people across production facilities in Pennsylvania and North Carolina.

Targets
Solesis
Sellers
Michelin
Industry
Medical Devices
Location
United States
Transaction Type
Buyout

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