Founded | 1977 |
---|---|
Founder | Leopold Płowiecki |
Headquarters |
Montmorency, France |
Balt is a medical equipment manufacturer specializing in medical devices designed to treat stroke and other neuro vascular diseases.
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]