Bodycote Expands Medical Market Reach with Acquisition of Lake City Heat Treating

Bodycote, a UK-based heat treatment and thermal processes company, has acquired Lake City Heat Treating in Warsaw, Indiana, a medical market provider of hot isostatic pressing (HIP) and vacuum heat treatment services, primarily supplying the orthopedic implant market as well as civil aerospace.

Lake City Heat Treating is forecast to have achieved 2023 full year revenues of about $14 million. The business revenue grew 30% in 2023 and looking ahead is expected to continue to deliver good progress.