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Aptyx Amplifies Expertise in Complex Interventional Products With Acquisition of Medical Murray’s North Carolina Facility

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Aptyx Amplifies Expertise in Complex Interventional Products With Acquisition of Medical Murray’s North Carolina Facility
News

News

Aptyx Amplifies Expertise in Complex Interventional Products With Acquisition of Medical Murray’s North Carolina Facility

2025-01-21 23:09 Last Updated At:23:21

TEMPE, Ariz.--(BUSINESS WIRE)--Jan 21, 2025--

Aptyx, a leading global developer and manufacturer of complex components and devices for the life sciences, today announced the acquisition of the Charlotte, North Carolina facility of Medical Murray, which develops and produces catheter-based interventional products and transcatheter implants.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250121732102/en/

“This marks a significant step in our growth strategy, strengthening our interventional product capabilities and end-to-end offerings, driving innovation, and delivering greater value to our OEM life science customers,” said Gregg Tobin, President and CEO, Aptyx. “It is a key element of our original blueprint and just the beginning of our evolution, with much more growth to follow.”

This acquisition will become an integral part of Aptyx Interventional Systems, fortifying the company’s interventional and implantable expertise with a rich pool of engineering talent.

The transaction enables Design & Development center support and advanced manufacturing for customers and bolsters expertise in catheter-based interventional products and transcatheter solutions, including implantable stents and frames, complex catheters, and delivery systems. It expands the company’s ISO Class 7 footprint and brings particular expertise in biotextiles such as ePTFE covering for stents and frames. Aptyx has long been known for producing highly engineered products and extreme proficiency in the manufacture of mission-critical molding, extrusion, coating solutions and medical device assembly. By combining with Medical Murray, Aptyx will now be able to provide a complete manufacturing solution for catheter-based interventional and implantable products.

Eric Leopold, who served as CTO of Medical Murray and leader of the Charlotte, NC business, will join Aptyx post-acquisition as Senior Vice President. “We’re committed to conquering technical challenges and delivering on time and cost efficient products for the structural heart, vascular, neurovascular, and other key end markets,” noted Leopold. “Joining Aptyx and combining our comprehensive experience in interventional markets provides the rocket fuel for long-term growth.”

Charlotte team members will become part of Aptyx. Medical Murray will continue to operate separately through its two facilities in the Chicagoland area.

“Aptyx Interventional Systems broadens the Aptyx footprint in the high-growth interventional market and adds competitive and high-value manufacturing and Design & Development capabilities,” said John Pless, Co-Managing Partner, TruArc. “Continued investment is planned to further support customers in the life sciences industry, reinforcing Aptyx’s position as a trusted outsource manufacturing partner.”

Parker Poe Adams & Bernstein acted as legal counsel and Raymond James as financial advisor to Aptyx and TruArc Partners. Buckley Fine acted as legal counsel and Areida Group as financial advisor to Medical Murray.

About Aptyx

Aptyx is a global manufacturing partner that engineers smart solutions to help customers solve tough challenges with confidence. With a broad range of specialized capabilities including engineering, molding, extrusion, coatings, and assembly, the company manufactures complex components and devices for the life sciences and other demanding industries. Headquartered in Tempe, AZ, Aptyx has dedicated production facilities across the United States, Canada, Mexico, and China. The Aptyx name symbolizes the “aptitude meets excellence” approach found in every aspect of the company’s operations. Visit www.aptyx.com or follow us on LinkedIn.

About Medical Murray

Since 1996, Medical Murray has been a privately owned company producing finished medical devices, components and subassemblies for customers around the world ranging from startups to largest OEMs. The company specializes in development, testing, and manufacturing complex catheters and permanent implants for vascular, gastrointestinal, urologic, and other interventional markets.

About TruArc Partners

TruArc Partners is a private equity firm focused on middle-market control investments. TruArc focuses on companies in attractive sub-sectors across specialty manufacturing and business services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. Visit truarcpartners.com.

(Graphic: Business Wire)

(Graphic: Business Wire)

ePTFE covered frame (Photo: Business Wire)

ePTFE covered frame (Photo: Business Wire)

TRENTON, N.J. (AP) — Richard “Dick” Codey, a former acting governor of New Jersey and the longest serving legislator in the state's history, died Sunday. He was 79.

Codey’s wife, Mary Jo Codey, confirmed her husband’s death to The Associated Press.

“Gov. Richard J. Codey passed away peacefully this morning at home, surrounded by family, after a brief illness,” Codey's family wrote in a Facebook post on Codey's official page.

"Our family has lost a beloved husband, father and grandfather -- and New Jersey lost a remarkable public servant who touched the lives of all who knew him," the family said.

Known for his feisty, regular-guy persona, Codey was a staunch advocate of mental health awareness and care issues. The Democrat also championed legislation to ban smoking from indoor areas and sought more money for stem cell research.

Codey, the son of a northern New Jersey funeral home owner, entered the state Assembly in 1974 and served there until he was elected to the state Senate in 1982. He served as Senate president from 2002 to 2010.

Codey first served as acting governor for a brief time in 2002, after Christine Todd Whitman’s resignation to join President George W. Bush’s administration. He held the post again for 14 months after Gov. Jim McGreevey resigned in 2004.

At that time, New Jersey law mandated that the Senate president assume the governor’s role if a vacancy occurred, and that person would serve until the next election.

Codey routinely drew strong praise from residents in polls, and he gave serious consideration to seeking the Democratic nomination for governor in 2005. But he ultimately chose not to run when party leaders opted to back wealthy Wall Street executive Jon Corzine, who went on to win the office.

Codey would again become acting governor after Corzine was incapacitated in April 2007 due to serious injuries he suffered in a car accident. He held the post for nearly a month before Corzine resumed his duties.

After leaving the governor’s office, Codey returned to the Senate and also published a memoir that detailed his decades of public service, along with stories about his personal and family life.

“He lived his life with humility, compassion and a deep sense of responsibility to others,” his family wrote. “He made friends as easily with Presidents as he did with strangers in all-night diners.”

Codey and his wife often spoke candidly about her past struggles with postpartum depression, and that led to controversy in early 2005, when a talk radio host jokingly criticized Mary Jo and her mental health on the air.

Codey, who was at the radio station for something else, confronted the host and said he told him that he wished he could “take him outside.” But the host claimed Codey actually threatened to “take him out,” which Codey denied.

His wife told The Associated Press that Codey was willing to support her speaking out about postpartum depression, even if it cost him elected office.

“He was a really, really good guy,” Mary Jo Codey said. “He said, ‘If you want to do it, I don’t care if I get elected again.’”

Jack Brook contributed reporting from New Orleans.

FILE - New Jersey State Sen. and former Democratic Gov. Richard Codey is seen before New Jersey Gov. Phil Murphy delivers his State of the State address to a joint session of the Legislature at the statehouse, in Trenton, N.J., Tuesday, Jan. 10, 2023. (AP Photo/Matt Rourke, File)

FILE - New Jersey State Sen. and former Democratic Gov. Richard Codey is seen before New Jersey Gov. Phil Murphy delivers his State of the State address to a joint session of the Legislature at the statehouse, in Trenton, N.J., Tuesday, Jan. 10, 2023. (AP Photo/Matt Rourke, File)

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