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Balt (company)

From Wikipedia - Reading time: 3 min
Balt
Founded1977; 47 years ago (1977)
FounderLeopold Płowiecki
Headquarters
Montmorency, France

Balt is a medical equipment manufacturer specializing in medical devices designed to treat stroke and other neurovascular diseases.

History

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Balt was founded as a small family business[1] in 1977 by Leopold Płowiecki, in France. His son, Nicolas, grew the company until 2018.[2] Bridgepoint Advisers took a stake in 2015. Balt began to expand internationally.[3] Pascal Girin CEO of Balt International since 2016, was appointed as Balt's CEO in late 2018.[citation needed]

Balt initially focused on plastic micro-tubes for the pharmaceutical industry.[4] In 1987, it developed a microcatheter enabling the treatment of arteriovenous malformations. The Silk Vista Baby, one of the company's most recent innovations released in 2018, is the world's smallest collapsible intracranial stent.[5]

Balt's revenues tripled between 2015 and 2020 and its workforce, quadrupled to reach 500 employees worldwide in 2020.[6] Balt sells its production to 100 countries around the world. Between 2016 and 2019, the company acquired the American start-up Blockade Medical, which also produces medical devices, as well as several of its distributors in Europe, China, India and Brazil. Today, Balt operates in ten different geographical locations worldwide.[citation needed]

References

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  1. ^ "Chez Balt, sauver des vies ressemble à de la haute couture". Le Parisien (in French). 2015-11-16.
  2. ^ Dechaux, Delphine (2019-07-17). "La stratégie de Balt pour devenir un leader mondial des mini-implants anti-AVC". Challenges (in French).
  3. ^ "Bridgepoint s'implique auprès de Balt aux côtés des fondateurs". Zone Bourse (in French). 2015-09-28.
  4. ^ Brillet, Frédéric (2018-07-26). "Balt : la PME française qui sauve les cerveaux". JDD (in French).
  5. ^ Lentschner, Keren (2018-08-01). "Balt fait le pari du "made in France", de père en fils". Le Figaro (in French).
  6. ^ Hitchon, William (2020-04-06). "Balt". La Lettre de l'entreprise (in French).
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