Vesta Expands Silicone Services Offering With Purchase

Vesta has acquired SiMatrix, a Victor, Mont.-based contract manufacturer specializing in tight-tolerance medical-grade silicone sheeting and dip molding services. Vesta is an ISO 13485-certified medical device contract manufacturer.

The acquisition expands Vesta’s existing silicone manufacturing services, which include medical molding, extrusion and assembly, and complements the company’s expertise in manufacturing and engineering support for medical device product development.

Terms of the deal were not disclosed.

“We are extremely excited to add the SiMatrix team to the Vesta family. Their commitment to quality and innovation are in close alignment with ours, and our customers will benefit from the added services,” said Phil Estes, CEO of Franklin, Wis.-based Vesta.

The acquisition marks Vesta’s second platform expansion in the past two-and-a-half years. In March 2009, Vesta acquired ExtruMed, the largest independent manufacturer of precision thermoplastic tubing for diagnostic and therapeutic medical devices and procedures. Since the acquisition, Vesta has provided ExtruMed precision medical extrusion solutions for medical device manufacturers looking for comprehensive services and support for their extruded components.

Jan Varner, CEO of SiMatrix, confirmed that “this partnership is the best fit we could imagine for our company. Vesta’s leadership position in silicone contract manufacturing and its culture of taking care of its customers and employees are a perfect combination for SiMatrix. We are excited about this move, and view it as a great benefit for all parties.”

Vesta will continue to provide silicone sheeting and dip molding services from SiMatrix’s current manufacturing locations in Montana, and will provide global support for the business through Vesta’s existing direct sales organization.