(Philadelphia, PA) BMI Mergers & Acquisitions announces the sale of Tridex Technology to Glebar Company based in Ramsey, NJ. BMI represented Tridex Technology, introduced the buyer, and assisted with bringing the transaction to a successful close.
Tridex Technology is a highly specialized machine solutions provider with markets in the medical device, aerospace, and other high technology industries. The company has core competencies in Electrochemical Grinding (ECG) technology with a unique combination of engineering expertise, supply chain optimization, and application development knowledge that allows the company to cost-effectively design and implement innovative manufacturing solutions.
Dan Stern of Tridex Technology had this to say, “BMI did extensive market research and a great job guiding us through the sale process. Additionally, their assistance in evaluating the many offers received helped us maximize value.”
For over 65 years, Glebar has been a global leader and innovator in the centerless grinding industry. The company’s versatile suite of precision grinding machines and automated turnkey grinding systems can process a multitude of materials for end-use applications.
Adam Cook, Chairman of Glebar Company had this to say. “This acquisition will foster an environment of continued innovation and growth for the overall entity and most importantly provides our customers and Tridex with a complimentary suite of products that further bolster our value proposition with them. We welcome the employees of Tridex to the Glebar family. “
The acquisition of Tridex Technology by Glebar broadens the company’s core focus within the non-elective minimally invasive procedures market and expands its reach in aerospace and other industries.