Teamvantage launches new parent company Velosity

NEWS RELEASE: Teamvantage Launches New Parent Company: Velosity

Teamvantage, an industry leader in state-of-the-art tool design and manufacture, injection molding, precision machining and contract manufacturing for the medical device market for more than 50 years, announced today from MD&M West 2023 the launch of its new parent company, Velosity.

Velosity will now represent the entire family of brands and the full range of services offered under one umbrella, including Teamvantage, MMD Medical, Custom Mold & Design, CMD Precision Manufacturing Group, and Paradigme Engineering.

Velosity CEO Dave Hemink [Photo courtesy of Velosity

“As our capabilities and market footprint have grown over the past year, it was the perfect time to align the brand name with the way in which we operate,” said Velosity CEO Dave Hemink. “Although we will have a new name, our mission remains unchanged: to accelerate innov…
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Teamvantage acquires MMD Medical

Custom contract manufacturer and injection molder Teamvantage has acquired medical device manufacturer MMD Medical.

Forest Lake, Minnesota-based Teamvantage and Brooklyn Park, Minnesota-based MMD Medical did not disclose terms of the deal in their announcement this week.

Teamvantage said the combination could add significant value for customers with the additional scale and capacity, operational efficiencies and expanded access to major medical customers.

“Teamvantage is on a strong growth trajectory, and this partnership enhances our ability to provide creative solutions for our customers’ unique manufacturing challenges and compete in the global marketplace,” Teamvantage CEO Dave Hemink said in a news release. “MMD Medical’s capabilities and processes are very complementary to the Teamvantage platform, providing a fully integrated, single source with differentiated precision manufacturing capabilities to serve a broad base …

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Women in Medtech 2021: Kelly L. Stichter, Teamvantage General Manager

Kelly L. Stichter [Photo courtesy of Teamvantage]

Kelly Stichter joined Teamvantage as General Manager in 2017 where she leads a team focused on developling and producing products for the medical and defense markets.

Her responsibilities include executing the company’s business plan and strategy, integrating operating functions, driving continuous improvement, interfacing with sales to secure new business, sustaining and cultivating the company’s core values and culture and leading special initiatives to drive growth and ensure resources and technologies are in place to support growth and ever-evolving customer and market needs.

Stichter has worked in contract manufacturing for over 25 years and has held positions in engineering, operations, quality and executive management in both privately held and public corporations. She embraces the fast pace and challenges associated with growing a business, applyi…

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