Nextremity Solutions, Inc. Acquires Lakeland Technology, Inc.

WARSAW, Ind., March 26, 2020 /PRNewswire-PRWeb/ -- Nextremity Solutions, Inc., a strategic commercialization organization with a focus in the extremity market, located in "The Orthopedic Capital of the World," Warsaw, Ind., today announced it has completed its acquisition of Lakeland Technology, Inc.

"Our team couldn't be more excited about this acquisition. The combination of our manufacturing skills with the innovative designs coming out of Nextremity Solutions will definitely set Lakeland Technology up as leader in the manufacturing industry," stated Terry Sites, President of Lakeland Technology.

Lakeland Technology, Inc., previously known as B&M instruments since 1986, was founded in 2007 and is an ISO 13485 certified contract manufacturer with a focus on quality. Their engineering staff assists with design for manufacturability (DFM) during the design process. Additionally, they specialize in manufacturing implants, instruments, complex assemblies, prototypes, and custom surgical instruments.

Ryan Schlotterback, Chief Technology Officer of Nextremity Solutions commented, "As a company focused on rapid development and commercialization of new technologies, it's critical that we have the capability to quickly manufacture prototypes while being able to efficiently transition to production level volumes. Adhering to high quality standards and ensuring timely delivery of our Revenue Ready® solutions benefits our strategic partners and distribution channels. We are looking forward to having increased capabilities at our disposal in order to best serve surgeons and patients."

Nextremity Solutions, Inc. was founded in 2006 and in 2016 announced their i3® Strategic Solutions strategy that focused their efforts on product development and micro-commercialization of innovative technologies. Nextremity is committed to delivering Revenue Ready solutions that include effective packaging and delivery systems, creating effective marketing and educational support materials, while providing products with proven sales and clinical efficacy to their industry partners.

Rod K. Mayer, President & CEO of Nextremity Solutions added, "I am so pleased that we were able to successfully close this strategic acquisition in such a timely manner. This acquisition will create a synergistic partnership by and between our two companies to expand our capabilities to create, manufacturer and deliver innovative solutions to our strategic alliance partners and to other orthopedic companies.

About Lakeland Technology, Inc.

Lakeland Technology, Inc is a privately held contract manufacturer for the medical device industry. Lakeland offers a wide range of services including Design for Manufacturability, precision machining, finishing, inspection, and packaging. Lakeland manufactures implants, instruments, prototypes, custom instruments, and is known for their ability to build complex assemblies. To learn more about Lakeland Technology, visit http://www.lakelandtech.com.

About Nextremity Solutions, Inc.

Nextremity Solutions, Inc. is a privately held strategic commercialization organization with a focus on the extremity musculoskeletal space, offering innovative solutions and Revenue Ready® products for various extremity musculoskeletal applications for the benefit of its industry partners. The Company's procedure-ready, sterile implant systems include uniquely precise, proprietary technology designed to achieve repeatable and superior clinical outcomes.

SOURCE Nextremity Solutions, Inc.