Formacoat Strengthens Leadership Team With New Coatings Executive

Formacoat has appointed Dhruv Patel as vice president of Coatings to lead its commercial strategy for coatings technologies, particularly the continued expansion of the HydroMark platform. He’ll also be in charge of strengthening customer partnerships with medical device OEMs and contract manufacturers worldwide.

Patel joins Formacoat as the company expands its proprietary coating technology portfolio, enhances manufacturing capabilities, and broadens its commercial presence.

“Formacoat continues to invest in our people, coating technologies, and manufacturing capabilities because we believe medical device companies deserve greater choice, technical partnership, and long-term supply chain flexibility,” Formacoat CEO Mark Gross said. “Dhruv understands both the technical and commercial challenges facing OEMs and CMOs. His experience building customer relationships and bringing innovative technologies to market will help accelerate adoption of HydroMark while supporting Formacoat’s long-term growth strategy.”

With more than two decades of experience in the medical device industry, Patel brings to his role expertise in coating technologies, commercialization, business development, product development, manufacturing, and strategic customer partnerships. Throughout his career, Patel has worked with global medical device companies specializing in minimally invasive medical devices across cardiovascular, neurovascular, peripheral vascular, structural heart, electrophysiology, and other interventional markets.

“The medical device coatings industry is entering a new chapter,” Patel stated. “As supplier consolidation continues, OEMs and CMOs are looking for partners that deliver not only exceptional coating performance but also flexibility, responsiveness, and long-term collaboration. Formacoat is uniquely positioned because we combine more than 25 years of coating application expertise with their new proprietary HydroMark technology platform and commitment to continued coating innovation. I’m excited to help expand our customer partnerships, strengthen our commercial presence, and establish Formacoat as the partner of choice for companies seeking an independent, technically focused coating and manufacturing partner.”

As vice president of Coatings, Patel will work closely with OEMs and contract manufacturing organizations (CMOs) to identify new opportunities, support product development programs, expand strategic partnerships, and strengthen the company’s market presence. He will also lead strategic marketing initiatives designed to increase awareness of Formacoat’s technology portfolio and integrated manufacturing capabilities.

Formacoat continues to expand the HydroMark platform through ongoing investment in research and development, manufacturing infrastructure, and scientific talent. In addition to its established thermal-cured hydrophilic coating capabilities, the company is actively developing UV-cured hydrophilic coating technologies to build on its decades of coatings expertise while expanding market options for a broad range of minimally invasive medical devices.

Patel’s appointment is part of Formacoat’s strategy to become one of the medical device industry’s leading independent providers of advanced coating technologies and manufacturing solutions.

Founded more than 25 years ago and headquartered in Chaska, Minn., Formacoat is a medical device contract manufacturer specializing in advanced coating technologies, coating application, process development, and manufacturing services. Through its HydroMark platform, Formacoat partners with medical device OEMs and CMOs to improve device performance, accelerate commercialization, and deliver coating solutions for minimally invasive medical devices.