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.
- Buyers
- Altaris Capital Partners
- Targets
- Solesis
- Sellers
- Michelin
- Industry
- Medical Devices
- Location
- United States
- Transaction Type
- Buyout
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