MedTech Group Merges with Advanced Polymers

The MedTech Group has merged with Advanced Polymers Inc., a Salem, N.H.-based company that manufactures heat shrink tubing and balloons used in angioplasty procedures.

Terms of the agreement were not disclosed. A news release issued by the MedTech Group said the deal would further the company’s strategic initiatives in catheter-based devices. The merger also will provide a strong complement to MedTech’s expertise in complex injection molding and device design and assembly.

“Their combined capabilities create a dynamic, comprehensive offering that includes full scale design and development and global contract manufacturing for complex components and devices,” the release stated. “The combined company will be an industry leader in plastics based solutions and technology.”

The merger gives Advanced Polymers access to the MedTech Group’s global manufacturing footprint, including its operation in Costa Rica. In addition, it bolsters the engineering capabilities of both companies, which now will have more than 100 engineers devoted to design, quality and manufacturing.

“This is a unique strategic combination of capabilities and expertise that will provide substantial growth opportunities for the combined company,” said Mark Saab, president of Advanced Polymers. “As MedTech has continued to expand its presence in the interventional markets, many devices built at MedTech have mission critical components made by Advanced Polymers. The combination also allows Advanced Polymers to leverage MedTech’s full contract manufacturing, supply chain management and TDCMedical’s design capabilities as we continue to grow our catheter development and manufacturing business and also look to expand our extrusion and component business.”

MedTech Group President and CEO George Blank said the merger will help the company achieve its goal of investing in proprietary technology and processes. “Our company now has a complete capability to assist our customers in delivering integrated solutions for the most demanding new interventional and minimally invasive devices. To reflect this enhanced direction, we will be rebranding the company to more accurately communicate the company’s position in the marketplace. A new name will be rolled out in the coming months.”

Based in South Plainfield, N.J., the MedTech Group has manufacturing facilities in West Haven, Conn.; Vega Baja, PuertoRico; and Heredia, Costa Rica. Its design and development facilities are located in Marlborough, Mass.; Sunnyvale, Calif.; and Boulder, Colo. MedTech also maintains a supply chain office in Singapore.