Norwood Medical Strengthens Commercial Leadership

MedTech veteran Gregg Olson appointed as New VP of Sales & Marketing to accelerate company’s growth

DAYTON, Ohio, March 21, 2024- Norwood Medical, one of the world’s leading providers of advanced, outsourced medical manufacturing services, today announced the appointment of Gregg Olson as the company’s new Vice President of Sales & Marketing.

Olson, a MedTech Contract Design & Manufacturing Organization (CDMO) commercial veteran, brings decades of experience to Norwood Medical. For over 20 years he has led high-performing business development teams in the medical device and medical technology sector. His responsibilities at Norwood will focus on new business development, including revenue growth strategies, sales team development, key account management and marketing.

Prior to joining Norwood Medical, Gregg was the Vice President of Sales & Marketing for Velocity MedTech, a specialized designer and manufacturer of surgical implants and custom sterilization systems for the orthopedic medical device segment. He previously held senior leadership positions in sales/business development at other medical device contract design and manufacturers, including Confluent Medical Technologies, TekniPlex, Vention Medical and Flex.

Commenting on Olson’s appointment, Norwood Medical CEO Jim Kircher noted that the company’s expertise and performance will benefit additional demanding MedTech OEM’s, driving the need to invest in and strengthen Norwood’s business development team. He said, “Norwood Medical has been a trusted partner to our medical device customers because of our commitment to innovation and manufacturing excellence. With Gregg’s MedTech commercial experience, we are in a great position to serve and support new strategic customer partnerships.”

Norwood Medical has significantly expanded its Dayton facilities to support growing demand for manufacturing medical components and devices for minimally-invasive surgical procedures, robotic-assisted surgeries and orthopedics. The company’s 11th building, a 72,000 square-foot state-of-the-art manufacturing facility, has been constructed and will be operational in late spring, bringing the campus total to 700,000 square-feet.

Olson said, “Having had the opportunity to support the MedTech OEM customer base representing well-respected CDMO’s in my career, this opportunity to bring the 40+ years experienced Norwood team and complete process capabilities offering, to new customers is exciting. The customer focus of the Norwood team is reflected in our customer Quality and Performance impressive metrics. From our 30,000 sf Design Center supporting design and rapid prototyping, to the commercial scale of >750 CNC state-of-the-art machines, we offer customers a valuable sourcing solution offering”.

Norwood Medical announces groundbreaking for 11th manufacturing building at its Dayton headquarters

Dayton Mayor Jeff Mims hails company’s latest expansion creating new med-tech jobs

DAYTON, Ohio, March 14, 2023- Norwood Medical, one of the world’s leading providers of advanced, outsourced medical manufacturing services, held a groundbreaking ceremony today to announce the construction of its eleventh building at its Dayton headquarters. Joining Norwood Medical executives and employees at the event were Dayton Mayor Jeff Mims and Shelly Dickstein, Dayton City Manager.

The construction of the 72,000 square-foot building will be a significant addition to Norwood’s current 650,000 square-foot footprint in Dayton. The undeveloped parcel of land will enable the company to design a state-of-the art manufacturing facility, which will focus on producing components for minimally-invasive and robotic-assisted surgeries.

The new building, when commissioned and operational in 2024, will enable Norwood to increase its capabilities in laser-induced processes, automation and Artificial Intelligence (AI). The expansion will support Norwood’s strategic goal of producing 35 million parts per year. The company expects to hire an additional 100 employees to support this latest expansion. Norwood currently employees 1,230 employees at its Dayton campus, with includes manufacturing, research and development, customer support, logistics, finance, sales and administrative personnel.

Commenting on the groundbreaking, Dr. Frank Stietz, President of Norwood Medical, said, “This latest expansion allows us to do even more to fulfill our mission to help deliver medical technology breakthroughs that improve patient care and treatment outcomes. Second, our growth and expansion means more jobs for Dayton. We intend to make Norwood a world leader in medical technology innovation here in Dayton, and this groundbreaking is an important step in that effort.”

Dayton Mayor Jeffrey Mims added, “Norwood Medical continues to be a thriving and longstanding anchor in our city. Norwood’s constant growth and expansion in northeast Dayton is both exciting and welcomed. Their expansion represents their commitment to investing in Dayton and the growing need for reliable medical device suppliers throughout the medical industry. I’m thankful for their partnership and look forward to supporting their growth in our community.”

Norwood Medical’s success throughout the 2000’s has required the company to invest in eight separate construction projects at its Dayton campus to support its significant organic growth:

• Building 3, the first addition to the campus, was constructed in 2005
• Building 4 was constructed in 2008
• Building 5 and Building 6 were added in 2011
• Building 7 added in 2012
• Building 8 added in 2016
• Building 9 added in 2018
• Building 10, the latest addition, was completed in November of 2021

Norwood Medical

Together, we're relentlessly leading industry innovation, pushing the limits of manufacturing to improve outcomes and lives.

You'll be supported by more than 40 years' experience and 1200+ employees, exclusively dedicated to medical device manufacturing. Our modern 700,00 sf. manufacturing campus in Dayton, Ohio combines best-in-class in-house capacities and talent to enable higher quality, shorter lead times, lower costs and fast problem-solving.