02.09.15
Medical device contract manufacturer Venta Medical Inc., a wholly owned subsidiary of Laserage Technology Corperation, has acquired Formed Polymer Solutions Inc. (FPS), which makes custom plastic components and assemblies for the medical device industry.
Formed Polymer Solution’s specialized thermal forming capability gives Venta the added capability to expand its business to serve Venta’s current and new customers with custom components and formed polymer sub-assemblies.
“Last October our parent company, Laserage, acquired the laser processing unit of Directed Light Inc. (DLI) which is being co-located with Venta,” said Karl Im, President of Venta Medical. “Now with the integration of FPS’s capability, Venta can serve a wider base of customers seeking to outsource their projects to a one-stop-shop operation. The acquisition of FPS gives us the ability to manufacture a wider range of thermoplastic components with micro precision requirements.”
“Joining the Laserage family of companies will give us the platform to serve more clients outside of our immediate area while better serving our current clients with full turn-key manufacturing capability as part of Venta Medical’s team,” said Peter Swenson, president and founder of FPS. “With Laserage’s precision laser processing and the enhanced capability added by FPS to Venta Medical, we envision a successful future for the clients we serve and our combined companies.”
The Laserage executive team views the acquisition as a strategic move for Venta, strengthening its overall contract manufacturing capabilities.
Venta Medical is based in Union City, Calif., and FPS is located in Santa Clara.
Formed Polymer Solution’s specialized thermal forming capability gives Venta the added capability to expand its business to serve Venta’s current and new customers with custom components and formed polymer sub-assemblies.
“Last October our parent company, Laserage, acquired the laser processing unit of Directed Light Inc. (DLI) which is being co-located with Venta,” said Karl Im, President of Venta Medical. “Now with the integration of FPS’s capability, Venta can serve a wider base of customers seeking to outsource their projects to a one-stop-shop operation. The acquisition of FPS gives us the ability to manufacture a wider range of thermoplastic components with micro precision requirements.”
“Joining the Laserage family of companies will give us the platform to serve more clients outside of our immediate area while better serving our current clients with full turn-key manufacturing capability as part of Venta Medical’s team,” said Peter Swenson, president and founder of FPS. “With Laserage’s precision laser processing and the enhanced capability added by FPS to Venta Medical, we envision a successful future for the clients we serve and our combined companies.”
The Laserage executive team views the acquisition as a strategic move for Venta, strengthening its overall contract manufacturing capabilities.
Venta Medical is based in Union City, Calif., and FPS is located in Santa Clara.