Financial/Business, Supplier News

Forécreu Acquires Grover Precision

Transaction expands company’s cannulated bar technology offerings for orthopedic device manufacturers.

By: Sean Fenske

Editor-in-Chief

Forécreu SAS has completed its acquisition of Grover Precision for an undisclosed amount. The deal enhances Forécreu’s presence in the United States, where it serves the majority of its customer base. Grover’s Oxford, Maine facility will complement the previously established distribution of product through Chicago, Ill.

“Forécreu has long been considered a household name in the orthopedic industry. Having a production in the U.S. has always been our ambition,” said François Ory, Forécreu’s CEO. “It allows us to better serve our largest market in the U.S. but also opens a host of new opportunities worldwide. Grover’s technology perfectly complements our product offering, and we are thrilled to provide the benefits of this expansion to our customer base. The synergies are clear, and we look forward to beginning work with the team in place.”

In addition to the U.S.-based manufacturing facility, the purchase of Grover brings the company’s unique cannulated bar technology and outsourced gundrilling services to Forécreu. The combination of the two organizations provides a comprehensive range of cannulated bar technologies, gundrilling services, and raw material sourcing capabilities to orthopedic device makers, as well as other industries. Both Forécreu and Grover will continue operating from their current locations with their existing teams while collaborating closely to maximize customer benefits.

“I am excited by the opportunity to join the Forécreu team and to get to work focusing our attractive combined offerings, experience, and expertise to help our customers achieve their goals,” said Chris Hester, Grover’s CEO.

The acquisition delivers immediate advantages to customers of both companies. Medical device manufacturers gain access to complementary manufacturing technologies and expanded material expertise, creating new opportunities for innovation in orthopedic applications. The combined international manufacturing and sales footprint provides enhanced supply chain security and technical support for clients worldwide.

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