Norwood Medical

Norwood Medical broke ground on March 14, 2023, for an 11th building at its Dayton, Ohio headquarters. The 72,000-square-foot facility will produce components for minimally invasive and robotic surgical devices, increasing the campus footprint by 11%. Completion is expected in 2024, and the company plans to hire 100 additional workers.

Heraeus Holding has acquired Norwood Medical, a Dayton, Ohio-based manufacturer of high-precision components for minimally-invasive surgery, orthopedics and robotic-assisted surgery. Norwood Medical has more than 1,100 employees and will continue to operate as a standalone business. Financial terms were not disclosed.

Norwood Medical has been approved for tax breaks to construct a new 33,120-square-foot manufacturing facility and a 42,750-square-foot warehouse in Dayton, Ohio. The company will invest at least $2.8 million and create at least 30 new jobs.

Norwood Medical received zoning approval to build a 33,120-square-foot light manufacturing facility on Webster Street in Dayton, Ohio. The project, supported by a 2017 enterprise zone agreement, is expected to create 40 jobs with an investment of $4.5 million to $23 million.

Norwood Medical, a medical device manufacturer, plans a $23 million expansion with a ninth building at its Winners Circle campus in Dayton, Ohio, and expects to hire 40 additional employees.