Marquette company purchased
By KYLE WHITNEY
For The Daily News
MARQUETTE -Although the company signs will be changing in coming days and weeks, operations will remain largely the same for the former Pioneer Surgical Technology, which was officially purchased last week.
In a $130-million deal first announced last month, the Alachua, Fla.-based RTI Biologics acquired Pioneer; the deal closed July 16.
Pioneer’s operations and expertise – the company engineered, designed and manufactured surgical items and implants used in the spine, biologics, orthopedics and cardiothoracic fields – will complement the RTI model, according to Brian Hutchison, who will serve as president and CEO of the combined company, named RTI Surgical Inc.
RTI had previously focused largely on focused on providing sterile biologic implants.
RTI Surgical will remained headquartered in Florida and will boast facilities and offices in the United States, Germany and The Netherlands.
The former Pioneer Surgical headquarters and manufacturing facility, a small complex located in north Marquette, now represents a northern office of RTI. Much of the production will still be done in the Upper Peninsula. Prior to the acquisition, officials said about 90 percent of Pioneer?s manufacturing was done locally.
RTI currently has about 1,100 employees, with 220 of those in Marquette.
Jenny Highlander, spokeswoman for RTI Surgical, said the deal wrapped up as expected, but said some specifics were still being ironed out.
RTI’s executive leadership team is made up of former RTI executives, with just a couple of exceptions.
“Jim St John and Fred Taccolini are both now members of our senior executive group,” Highlander said.
St. John will serve as the executive vice president of international distribution, while Taccolini will act as the company’s chief compliance officer.
In the short term, Highlander said, former Pioneer CEO Dan Webber, “will assist with the transition and then he will relinquish his role with the company.”
Hutchison will act as president and CEO, and Rob Jordheim will serve as RTI’s executive vice president and chief financial officer.