Cadence Dives into M&A & Other Supplier News

Keeping you up to date on medical supplier news.

Omar Ford

October 5, 2023

4 Slides
Image Credit: Franco Vogt

Cadence, a  provider of design, development, and contract manufacturing services to the medical device, drug delivery, and diagnostics markets, said has acquired the Florida location of ARC Group Worldwide (arcw.com), a precision manufacturer specializing in Metal Injection Molding (MIM) and cleanroom plastic injection molding.  ARC Florida is located in DeLand, Fl.

“Acquiring ARC Florida is another major step in our strategy to be a leading medtech manufacturing partner to our customers, providing complete solutions from early-stage development to scaled manufacturing.  By adding MIM to the Cadence portfolio, we further expand our vertical manufacturing platform with another cost-effective method to increase volume production as products reach scale,” said Rob Werge, Cadence’s President and Chief Executive Officer.  “We look forward to leveraging the company’s deep expertise in high-precision metal injection molding for medical devices and combining it with Cadence’s suite of capabilities across seven locations worldwide, to fully realize the value created through our unique integrated model.”  

Cadence has experienced strong growth in recent years across its medical and drug delivery markets served, and ARC Florida further extends Cadence’s capabilities and market focus.  Earlier this year, the company also announced the acquisition of Utitec, Inc., adding precision deep draw technologies to its suite of capabilities.  With the new addition of MIM and cleanroom plastic injection molding, the company is well-positioned as a trusted supplier of full-service contract manufacturing solutions. 

About the Author

Omar Ford

Omar Ford is a veteran reporter in the field of medical technology and healthcare journalism. As Editor-in-Chief of MD+DI (Medical Device and Diagnostics Industry), a leading publication in the industry, Ford has established himself as an authoritative voice and a trusted source of information.

Ford, who has a bachelor's degree in print journalism from the University of South Carolina, has dedicated his career to reporting on the latest advancements and trends in the medical device and diagnostic sector.

During his tenure at MD+DI, Ford has covered a wide range of topics, including emerging medical technologies, regulatory developments, market trends, and the rise of artificial intelligence. He has interviewed influential leaders and key opinion leaders in the field, providing readers with valuable perspectives and expert analysis.

 

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