ATLANTA—GF Health Products, Inc. (Graham-Field) announced that it has acquired substantially all of the assets of Transfer Master Products, Inc. (TMP). TMP has been in the business of designing and manufacturing hi-low adjustable beds for home and health care settings for more than 30 years.
“We are excited about combining TMP with Graham-Field to maximize our manufacturing and marketing opportunities within the rehabilitation and home care markets," said Kurt Hellman, senior vice president, and general manager of Graham-Field’s Wisconsin manufacturing facility. "This acquisition will allow Graham-Field to expand its bed and sleep support systems offerings beyond our industry-leading brands: Basic American, Patriot and Lumex."
“TMP has a thirty-year reputation for providing customers with the quality health care products they demand and the value they deserve," said TMP’s Vice President of Business Development, Shmuly Goldsmith. "Product innovation and dedication to customer service will continue without interruption. We will utilize our combined market-driven engineering and manufacturing resources to better serve our customer base and to develop new product offerings.”
TMP’s Iowa manufacturing and distribution facility will relocate to Graham-Field’s 20-acre Fond du Lac, Wisconsin steel fabrication complex, with the capacity to manufacture more than 20,000 beds annually. Graham- Field’s investments in manufacturing automation, process improvement and engineering expertise will allow it to build on the 30-year heritage of TMP and enhance the features and capabilities of the patented Supernal Sleep Systems, GF Heal Products said in a press release.
“This represents Graham-Field’s fourth acquisition of a health care equipment manufacturer within the past 12 years and is well-aligned with our growth strategies," said Ken Spett, CEO. "It diversifies our product offerings and supports our objective to be a preferred global provider of health care equipment."
