TELFORD, Pa.– Solesis LLC (“Solesis” or the “Company”), the healthcare subsidiary of Compagnie Generale des Etablissements Michelin SCA (“Michelin”), announced today that Altaris Capital Partners, LLC (collectively with its affiliates, “Altaris”) has completed the acquisition of a 51% stake in Solesis from Michelin. As part of the transaction, Michelin retained a 49% interest and formalized a research and development initiative to develop advanced polymers for life sciences and medical technology applications.
Solesis is an innovative provider of biomaterials, tools and services for the life science and medical technology industries. Solesis operates through two primary business divisions, The Secant Group and Charter Medical. The Secant Group, which includes SanaVita Medical, is a leading supplier of biomaterials and implantable textile structures that enable repair, recovery and regeneration of human tissue, as well as technical materials for the specialty chemical and aerospace markets. Charter Medical supplies single-use tools for cell culture expansion, cryopreservation and fluid management that are used during the development and manufacturing of biopharmaceuticals, including cell and gene therapies.
