Logo courtesy of Plastic Design Co.
Vance Street Capital LLC is acquiring Plastic Design Co., a U.S.-based contract manufacturer of micro-molded plastic components for the medtech and life science markets. PDC serves OEMs focused on high-growth therapies and major life science companies focused on the emerging microfluidics product landscape. In addition to micromolding, the family-owned business also offers injection-compression and over-molding capabilities.
“Vance Street’s long and impressive record of successfully partnering with family-owned businesses in the medical component manufacturing space made them the ideal partner for PDC’s next chapter of growth,” stated Mark Kinder, who will resume as president of PDC. "Finding a partner that could come in and provide not only growth-based resources, but also one that valued the technology and employee base we have built over the past several decades was an important decision factor in finding our next partner. Vance Street truly understood and respected those aspects of our business.”
Vance Street has partnered with other medtech businesses focused on interventional and advanced surgical markets such as Applied Plastics, Motion Dynamics, and Wytech Industries. “We are honored to be partnering with the Kinder family during the company’s exciting next phase,” stated Mike Janish, managing partner at Vance Street, in a news release. “This transaction is another example of our strategy to partner with family-owned businesses who are industry leaders with a collaborative technical customer approach to serve the interventional and advanced surgical component markets.”
Added Steve Sandbo, principal at Vance Street: “PDC is a great opportunity for Vance Street to leverage its value-creation playbook and network within medical manufacturing to continue to build on the platform the Kinder family has established over nearly 30 years. With the addition of PDC, we are able to compliment Wytech, Motion Dynamics & Applied Plastics customer base with additional technology and manufacturing capabilities.”