The MedTech Group Merges with Advanced Polymers

Medical device contract manufacturer The MedTech Group (South Plainfield, NJ) has announced its merger with Advanced Polymers (Salem, NH). A producer of thin, strong, and small heat-shrink tubing, Advanced Polymers is known for its balloon-making and specialized catheter design capabilities. The suppliers' combined capabilities will create a dynamic, comprehensive offering that includes full-scale design and development and global contract manufacturing for complex components and devices, according to the companies.

This business combination furthers MedTech's strategic initiatives in catheter-based devices. Advanced Polymer's patent portfolio and proprietary processes will offer MedTech a resource for addressing customers' design, development, and manufacturing needs. Additionally, Advanced Polymers' proprietary polymer processing and expertise in heat-shrink tubing, custom extruded medical tubing, and balloons will complement MedTech's expertise in complex injection molding, device design, and assembly.

The merger provides Advanced Polymers with access to MedTech's global manufacturing capabilities, including its assembly operation in Costa Rica. At the same time, the merger will create a joint company with more than 100 engineers devoted to design, quality, and manufacturing for the healthcare industry.

"I am very pleased that Mark Saab will continue to serve as president of Advanced Polymers and is joining The MedTech Group board of directors," remarks George Blank, The MedTech Group's president and CEO. "He and Elisia Saab, cofounders, built a market-leading company and will remain significant shareholders in our combined company. Having their continued expertise and leadership will be a key factor in our future success as a combined company."

"This is a unique strategic combination of capabilities and expertise that will provide substantial growth opportunities for the combined company," Saab adds. "As MedTech has continued to expand its presence in the interventional markets, many devices built at MedTech have mission-critical components made by Advanced Polymers. The combination also allows Advanced Polymers to leverage MedTech's full contract manufacturing, supply chain management, and TDC Medical's design capabilities as we continue to grow our catheter development and manufacturing business and also look to expand our custom extrusion and component business."