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MedPlast Absorbs Two Molding Firms
OUTSOURCING NEWS MedPlast Inc. has acquired ATP's Engineered Rubber and Plastics Group (ERPG; Wayne, PA) and K&W Medical Specialties (Westfield, PA). MedPlast, based in Tempe, AZ, selected the two companies to be a fit with its own corporate strategies.
Lawrence Lloyd
August 1, 2008
1 Min Read
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K&W offers thermoplastic molding and contract manufacturing to medical OEMs, and ERPG has focused on growing its healthcare base with thermoplastic, silicone, and rubber molding services. According to MedPlast, the acquisitions enable the company to offer product design, tooling, engineering, and precision manufacturing.
“This is a tremendous opportunity for MedPlast,” says Harold Faig, CEO of MedPlast. The company's molding capabilities, combined with its engineering and manufacturing expertise, will give it an advantage over competition, Faig says.
The firm will operate five plants across the United States, employing about 800 people.
Copyright ©2008 Medical Device & Diagnostic Industry
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