04.08.15
St. Paul, Minn.-based Heraeus Medical Components, a division of Heraeus Holding GmbH, is buying another contract manufacturer in the Gopher State. NeoMetrics, located in Plymouth, Minn., designs and manufactures interventional and vascular access guidewires and components for medical devices. The privately held company’s production facilities in Minnesota and Costa Rica, include clean-room manufacturing and guidewire fabrication technologies. NeoMetrics was founded in 2001.
The deal is expected to close within the next 60 days, according to Heraeus officials. Terms of the deal were not disclosed.
“With this acquisition, Heraeus Medical Components will add new interventional technologies to augment their position as a sourcing solution for the world’s medical device companies. We are excited about the potential growth opportunities within the interventional field,” said Nicolas Guggenheim, president of Heraeus Medical Components. “NeoMetrics’ experience in the development of interventional and vascular access guidewires substantially builds upon our existing component capabilities. We plan to use our combined expertise to bring new solutions for our medical device customers.”
Dave Liebl, president of NeoMetrics said: “Joining Heraeus will allow us to support our continued growth, including the opportunity to introduce our products and expertise to new markets. Both companies share a culture of consistently exceeding customer expectations.”
The management team and employees of NeoMetrics will continue as part of Heraeus. Gene Champeau, co-founder and CEO of NeoMetrics, will assist Heraeus in developing new business platforms and product strategies on a consulting basis. Heraeus intends to continue operation of both of the NeoMetrics facilities post-closing.
Heraeus Holding is headquartered in Hanau, Germany.
The deal is expected to close within the next 60 days, according to Heraeus officials. Terms of the deal were not disclosed.
“With this acquisition, Heraeus Medical Components will add new interventional technologies to augment their position as a sourcing solution for the world’s medical device companies. We are excited about the potential growth opportunities within the interventional field,” said Nicolas Guggenheim, president of Heraeus Medical Components. “NeoMetrics’ experience in the development of interventional and vascular access guidewires substantially builds upon our existing component capabilities. We plan to use our combined expertise to bring new solutions for our medical device customers.”
Dave Liebl, president of NeoMetrics said: “Joining Heraeus will allow us to support our continued growth, including the opportunity to introduce our products and expertise to new markets. Both companies share a culture of consistently exceeding customer expectations.”
The management team and employees of NeoMetrics will continue as part of Heraeus. Gene Champeau, co-founder and CEO of NeoMetrics, will assist Heraeus in developing new business platforms and product strategies on a consulting basis. Heraeus intends to continue operation of both of the NeoMetrics facilities post-closing.
Heraeus Holding is headquartered in Hanau, Germany.