Salt Creek Capital has announced the acquisition of MML Diagnostics Packaging.
MML, founded in 1964 and headquartered in Troutdale, Oregon, is a contract manufacturer and packager of in-vitro diagnostic devices and single-use medical devices.
Salt Creek, founded in 2009 and based in Woodside, California, is a private equity firm that invests in the lower middle market across healthcare and other industries. The firm pursues a variety of investment types in U.S. and Canadian companies with EBITDA or annual cash flow greater than $750,000 and up to $20 million.
Terms of the acquisition were not disclosed.