Graham-Field expands with acquisition of hi-low adjustable bed manufacturer, Transfer Master Products, Inc.
Press releases may be edited for formatting or style | April 16, 2024
Business Affairs
April 16, 2024 -- Atlanta, Georgia – GF Health Products, Inc. (“Graham-Field”) announced today 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 quality hi-low adjustable beds for home and healthcare settings for over 30 years.
“We are excited about combining TMP with Graham-Field to maximize our manufacturing and marketing opportunities within the rehabilitation and homecare markets. 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®,” stated Kurt Hellman, Senior Vice President, and General Manager of Graham-Field’s Wisconsin manufacturing facility.
TMP’s Vice President of Business Development, Shmuly Goldsmith, commented, “TMP has a thirty-year reputation for providing customers with the quality healthcare products they demand and the value they deserve. 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 capacity to manufacture more than 20,000 beds annually. GrahamField’s investments in manufacturing automation, process improvement and engineering expertise will allow it to build on the thirty-year heritage of TMP and enhance the features and capabilities of the patented Supernal® Sleep Systems.”
“This represents Graham-Field’s fourth acquisition of a healthcare equipment manufacturer within the past twelve years and is well-aligned with our growth strategies. It diversifies our product offerings and supports our objective to be a preferred global provider of healthcare equipment,” added Ken Spett, CEO.
About Graham-Field: GF Health Products, Inc., headquartered in Atlanta, Georgia, is a major manufacturer of healthcare products for the homecare, long-term care, primary care, ambulatory surgical center, and acute care markets. Its brands include Lumex®, Hausted®, Everest&Jennings®, Basic American Medical Products®, Intensa®, and Gendron®.
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