Product Genesis Expands Mid-Atlantic Presence with Company Acquisition

Originally Published MPMNJanuary/February 2003

INDUSTRY NEWS

Product Genesis Expands Mid-Atlantic Presence with Company Acquisition

ZacharyTurke

Device design and development firm Product Genesis (Cambridge, MA; www.productgenesis.com) has acquired the RefacDesign product development group from Refac International Ltd. (Edgewater, NJ; www.refac.com). According to Product Genesis company sources, this acquisition was engineered to expand the firm's presence in the mid-Atlantic region and complement its design capabilities by offering new medical device and instrumentation expertise. 

"We have experience with complex technical devices, and Refac's focus is on handheld products," explains Product Genesis sales and marketing vice president Peter Flentov. "The synergy of the two firms working together will allow us to offer a superior line of design services to take our customers' products from minds to market," he says.

In the past, Product Genesis has worked successfully with neurological devices, blood-perfusion monitors, medical imaging products, disposables, microscissors, and cancer-detection kits. RefacDesign's past work includes needle-free injectors, fluid-control syringes, bone-growth stimulators, gas chromatographs, and mass spectrometers. The acquisition was scheduled to take effect in the fourth quarter of 2002, after which all services will be offered under the Product Genesis banner. 

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