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Paragon Medical Acquires Metal Finishing from Hand Industries

Solstice Medical
August 6, 2006

(Pierceton, IN) - Paragon Medical, Inc. has decided to take a recently orchestrated strategic alliance one step further by announcing it will acquire the Medical Metal Finishing Division of Hand Industries, Inc., a Warsaw, Indiana based specialist in metal finishing. Tobias Buck, Chairman and CEO of Paragon Medical stated, "With Hand Industries being the largest outside processor of orthopaedic metal finishing in the United States, and Paragon Medical's strategic industry positioning, it became clear that a transition from an alliance to a wholly owned entity embraces the OEM's desire for continuity across the entire manufacturing process." The combined entity brings 65 years of experience and outstanding benefits to the medical device industry, particularly to those who are engaged in the large joint segment of hips and knees.

Hand expands Paragon's capability to provide quality metal finishing services geared to meet both high and low volume demands for its client community, while managing difficult requirements for very tight tolerances. Cory Colman, Executive Vice President of Business Development added, "The acquisition broadens the scope of Paragon's core capabilities and builds on our reputation for being a single source provider to the global medical marketplace." Over the next several months, Paragon will transition the employees and the equipment of Hand's Medical Metal Finishing division to its 100,000 square foot dedicated instrument and implant manufacturing facility in Pierceton, IN.

About Paragon Medical, Inc.

Paragon Medical is a single source, turnkey supplier of surgical instruments, implantable components, custom and standard instrument delivery systems to the worldwide medical device marketplace, with a concentration in the hip, knee, spine, trauma and sports medicine disciplines. Incorporated in 1991, Paragon Medical's utilization of advanced manufacturing technology, UG(R) certified engineers, rapid prototyping, virtual information transfer and vertical integration allows them to adapt a wide range of services to support the strategic needs of the customer, with innovative solutions. Offices and production facilities are located in Pierceton, Indiana; Indianapolis, Indiana; Smithfield, Utah; Lausanne, Switzerland and Changzhou, China. More information about the company may be found at www.paragonmedical.com.

About Hand Industries, Inc.

Established in 1956, Hand Industries is one of the largest outside processors of orthopedic metal finishing in the United States. Having processed in excess of 1,000,000 prosthetic components, Hand Industries has acquired extensive expertise in a wide range of metal finishing services including polishing, buffing, sand-blasting, inspection and cleaning. Their quality metal finishing services are geared to meet both high and low volume demands while managing the difficult requirements of very tight tolerances. With specialty departments that include research and development engineers, Hand Industries produces small quantity custom products and manages a wide range of prototypes for product development applications. Other Hand divisions include aviation, recognition products, agriculture and communications. Offices and production facilities are located in Warsaw, Indiana. More information about the company may be found at www.handindustries.com

Paragon Medical Partners with Solstice Medical

Solstice Medical
June 21, 2006

Paragon Medical is pleased to announce that we are partnering with Solstice Medical. Solstice is a pioneer of medical device asset lifecycle management utilizing embedded RFID technology. The company provides RFID engineering and integration services, software development and RFID products from the earliest points of medical device manufacturing through point-of-care in hospitals. Solstice provides surgical device manufacturers and hospitals the ability to remotely track valuable mobile surgical assets in real time.

Joint collaboration with Solstice Medical to improve the life cycle of reusable surgical devices will deliver enhanced value to our shared customer base. Feel free to visit SolsticeMedical.com to find out more information. Specific questions related to this new technology should be directed to Greg Hall or Rick Stetler.

Paragon Medical Recognizes Employees For Years Of Service
June 5, 2006

Ryan Fenker, Liz Walter, Judy Phillips
Pierceton - Paragon Medical, Inc., incorporated in 1991, would like to recognize several employees who have recently reached service milestones. Those employees being recognized are:

For 10 years of service:
  • Ryan Fenker - Project Engineering Lead
For 5 years of service:
  • Judy Phillips - CNC Operator
  • Liz Walter - TIP (Test, Inspection & Pack)

Paragon Medical Enters Into Agreement With Hand Industries


April 17, 2006

Paragon Medical Enters Into Agreement With Hand Industries

(Pierceton, IN) - Paragon Medical, Inc. strengthened their position as a preferred supplier to the world-wide medical device marketplace by announcing that it has entered into a strategic alliance with Hand Industries, Inc., a Warsaw, Indiana based specialist in metal finishing. The companies will combine several resources to create a cell that will reside within Paragon's newly remodeled 100,000 square foot building, and have a concentration on grinding and finishing of femoral knee components. Tobias Buck, Chairman and CEO of Paragon Medical stated, "Our two companies possess extensive expertise in processing femoral components, but when you merge our base of knowledge and 65 years of combined experience, the synergy created brings outstanding benefits to the medical device industry." Although the companies expect to have the new equipment for the femoral cell in place within the next several weeks, production will begin immediately with existing equipment on several new opportunities.

About Paragon Medical, Inc.

Paragon Medical is a single source, turnkey supplier of surgical instruments, implantable components, custom and standard instrument delivery systems to the worldwide medical device marketplace, with a concentration in the hip, knee, spine, trauma and sports medicine disciplines. Incorporated in 1991, Paragon Medical's utilization of advanced manufacturing technology, UG(R) certified engineers, rapid prototyping, virtual information transfer and vertical integration allows them to adapt a wide range of services to support the strategic needs of the customer, with innovative solutions. Offices and production facilities are located in Pierceton, Indiana; Indianapolis, Indiana; Smithfield, Utah; Lausanne, Switzerland and Changzhou, China. More information about the company may be found at www.paragonmedical.com.

About Hand Industries, Inc.

Established in 1956, Hand Industries is one of the largest outside processors of orthopedic metal finishing in the United States. Having processed in excess of 1,000,000 prosthetic components, Hand Industries has acquired extensive expertise in a wide range of metal finishing services including polishing, buffing, sand-blasting, inspection and cleaning. Their quality metal finishing services are geared to meet both high and low volume demands while managing the difficult requirements of very tight tolerances. With specialty departments that include research and development engineers, Hand Industries produces small quantity custom products and manages a wide range of prototypes for product development applications. Offices and production facilities are located in Warsaw, Indiana. More information about the company may be found at www.handindustries.com.


Paragon Medical Names Yingling to Serve As CFO


March 10, 2006

Debra Yingling - Chief Financial Officer
Pierceton, Indiana based Paragon Medical has selected Mrs. Debra F. Yingling as Chief Financial Officer (CFO) to replace Mr. Robert Supple, who recently retired. Yingling's previous position as the Worldwide Finance Director for DePuy Orthopaedics, a Johnson and Johnson Company and leading manufacturer of orthopaedic devices, will serve her well in her new role at Paragon Medical. With over 24 years of financial experience and previous positions as Controller, Finance Director and Financial Reporting Director, Yingling brings the sophistication required for Paragon Medical to expand its presence in a global economy and to continue their exceptional performance in the market.

"We are thrilled to have a finance professional of Debbie's caliber join our senior management team at Paragon, and we are certain that she will make a significant and immediate contribution," said Chairman and CEO Tobias Buck. "Debbie's expertise in finance, strategic planning and global operations make her the ideal person to execute the many functions of this position."

Yingling, a certified public accountant, has a bachelor's degree in accounting and business management from Manchester College in Indiana.

About Paragon Medical, Inc.

Paragon Medical is a single source, turnkey supplier of surgical instruments, implantable components, custom and standard instrument delivery systems to the worldwide medical device marketplace, with a concentration in the hip, knee, spine, trauma and sports medicine disciplines. Incorporated in 1991, Paragon Medical's utilization of advanced manufacturing technology, UG ® certified engineers, rapid prototyping, virtual information transfer and vertical integration allows them to adapt a wide range of services to support the strategic needs of the customer, with innovative solutions. Offices and production facilities are located in Pierceton, Indiana; Indianapolis, Indiana; Smithfield, Utah; Lausanne, Switzerland and Changzhou, China. More information about the company may be found at www.paragonmedical.com.

Paragon Medical Appoints Belcher to Run Utah Facility


February 23, 2006

Brad Belcher - Director of Operations, Smithfield facility
Pierceton, Indiana based Paragon Medical has announced the appointment of Bradley S. Belcher as Director of Operations of its newest facility in Smithfield, Utah. Purchased earlier this year from DePuy Mitek, a Johnson and Johnson company, the facility produces both instruments and implantable components supporting applications in the Sports Medicine and Arthroscopy market segment. The operation also provides prototyping and quick reaction services. Paragon intends to expand the capacity of the facility while marketing its capabilities to OEM clients beyond DePuy.

Prior to joining Paragon in August 2005, Mr. Belcher spent over 19 years with Menahsa Corporation, Poly Hi Solidur Division, where he held several engineering and management positions and includes 10 years as Plant Manager. Poly Hi is the world's largest processor of ultra high molecular polyethylene (UHMW-PE).

"Brad brings with him invaluable experience from Poly Hi including a great mix of acquisition management and tier one supply in the orthopedics markets," said Gary McGill, President and COO of Paragon. "We are very pleased that Brad has accepted this assignment and are confident his energy, experience and leadership skills will allow us to grow the business in the Smithfield facility over the next several years."

Belcher holds an Associates Degree in Manufacturing Technologies from Tri-State University. He received his bachelor's degree in 1991 in Mechanical Engineering from Purdue University, Fort Wayne, Indiana.

About Paragon Medical, Inc.

Paragon Medical is a single source, turnkey supplier of surgical instruments, implantable components, custom and standard instrument delivery systems to the worldwide medical device marketplace, with a concentration in the hip, knee, spine, trauma and sports medicine disciplines. Incorporated in 1991, Paragon Medical's utilization of advanced manufacturing technology, UG ® certified engineers, rapid prototyping, virtual information transfer and vertical integration allows them to adapt a wide range of services to support the strategic needs of the customer, with innovative solutions. Offices and production facilities are located in Pierceton, Indiana; Indianapolis, Indiana; Smithfield, Utah; Lausanne, Switzerland and Changzhou, China. More information about the company may be found at www.paragonmedical.com.

Paragon Medical Recognizes Employees For Years Of Service


February 1, 2006

Kathy Westerman, Marta Hawkins, Ryan Ralston, Tim Drake, Russell Woodcock, Jeff Steele, and Rob Wright
Pierceton - Paragon Medical, Inc., incorporated in 1991, would like to recognize several employees who have recently reached service milestones. Those employees being recognized are:

For 10 years of service:
  • Karen Lewis - CNC Operator

For 5 years of service:
  • Marta Hawkins - Accounts Receivable
  • Rob Streeter - Design Engineer
  • Ryan Ralston - CNC Machinist
  • Russell Woodcock - CNC Machinist
  • Jeffrey Wright - Programmer
  • Tim Drake - CNC Machinist
  • Kathy Westerman - Universal Operator
  • Jeff Steele - Production Engineer

Pictured from left to right:
Kathy Westerman, Marta Hawkins, Ryan Ralston, Tim Drake, Russell Woodcock, Jeff Steele, and Rob Wright.

Not pictured:
Karen Lewis and Jeffrey Wright

Paragon Medical Enters Into Agreement To Acquire Smithfield, Utah Production Facility of DePuy Mitek


January 13, 2006

Paragon Medical - Acquisitions - Smithfield, Utah, DePuy Mitek production facility
(Pierceton, IN) - In a key strategic move, Paragon Medical, Inc. announced that it has entered into an agreement to purchase the Smithfield, Utah production facility of DePuy Mitek, a Johnson&Johnson Company. This announcement comes on the heels of Paragon's late December news regarding its acquisition of Mark Machine, Inc. and Ortho-Craft, Inc. and their affiliate companies Osteomac and Ortho-Precision, respectively.

The parties expect to finalize the transaction in February 2006. The Smithfield facility employs over 75 people and encompasses 32,000 square feet of leased office and manufacturing space. It produces both instruments and implantable components supporting applications in the Sports Medicine and Arthroscopy market segment. The operation also provides prototyping and quick reaction services. Subsequent to the conclusion of this transaction, Paragon intends to expand the capacity of the facility, as well as the OEM client base.

"With the recent acquisitions of Mark Machine, Ortho-Craft and the successful purchase of the Smithfield manufacturing facility, Paragon will have regional centers of manufacturing excellence and geographic locations that allow us to maintain the small company experience our clients have come to appreciate about Paragon", stated Tobias Buck, Chairman and CEO of Paragon Medical. Commenting on the second major growth initiative in less than 30 days, Buck added, "Once acquired, this facility will continue to be successful because of the significant bench depth resident within it." The Smithfield facility will become a division of Paragon Medical, as well as take on the Paragon Medical name. The employees at the Smithfield facility will become Paragon employees.

"By offering Smithfield's capabilities to other OEM's, Paragon will greatly enhance its ability to compete in the Sports Medicine market segment, noted Cory Colman, Executive Vice President of Business Development of Paragon Medical. The Smithfield facility is well organized, well managed and possesses significant knowledge associated with the processes and materials required to manufacture instruments and implantable components for the Sports Medicine marketplace. Upon completion, this transaction will radically expand our ability to competitively participate in this market segment and will complement our existing strength in Hips, Knees, Spine and Trauma."

About Paragon Medical, Inc.

Paragon Medical is a single source, turnkey supplier of surgical instruments, implantable components, custom and standard instrument delivery systems to the worldwide medical device marketplace, with a concentration in the hip, knee, spine, trauma and sports medicine disciplines. Incorporated in 1991, Paragon Medical's utilization of advanced manufacturing technology, UG ® certified engineers, rapid prototyping, virtual information transfer and vertical integration allows them to adapt a wide range of services to support the strategic needs of the customer, with innovative solutions. Offices and production facilities are located in Pierceton, Indiana; Indianapolis, Indiana; Smithfield, Utah; Lausanne, Switzerland and Changzhou, China. More information about the company may be found at www.paragonmedical.com.
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Language: English ☑ | Chinese ☐ | USA: 574.594.2140 | 800.225.6975 | email | INTERNATIONAL: +41 21 320 37 85 | email | CHINA: +86(0)519 8989 0066 | email | Conference Portal