MedSource Acquires Apex Engineering

Apex Engineering Inc. (Pittsfield, MA), a product design and development company, has been bought by MedSource Technologies (Minneapolis). According to Richard Effress, chairman and CEO of MedSource, "The acquisition of Apex reinforces our commitment to medical device OEM customers. We can offer them supply-chain management solutions through the single-source convenience of one supplier."

Apex Engineering has full in-house mold making and precision plastic injection molding capabilities. It builds Class 1 high-production molds in addition to limited-production and prototype tooling. Its new owner, MedSource, provides precision metal and plastic components, subassemblies, and completed devices to OEMs. It will now offer complete supply-chain management solutions such as function design, project management, manufacturing, assembly, packaging, and sterilization. —Karim Marouf