Category: Original Equipment Manufacturer

Sparton takes Delphi's contract manufacturing business

July 14, 2010 by MassDevice staff

A of Sparton Corp. (NYSE:SPA) subsidiary acquired Denver, Colo.-based Delphi Medical Systems contract manufacturing business.

The Schaumburg, Ill.-based manufacturing services provider's Sparton Medical Systems Colorado LLC subsidiary bought Delphi's manufacturing assets in a deal worth $8 million. Delphi primarily makes OEM medical devices for the therapeutic device market, including blood separation equipment, spinal surgery products and 3D eye mapping devices. The company also supports an environmental sensor firm for the meteorology and controlled environment applications markets.

Third-quarter sales slip, losses narrow for AdvanSource Biomaterials

February 17, 2010 by MassDevice staff

AdvanSource Biomaterials Corp. (AMEX:ASB) managed to pare its net losses during the third quarter, despite a decline in royalties from its medical device customers.

The Wilmington, Mass.-based polymer maker reported sales of $668,000 for the three months ended Dec. 31, 2009, down 2.9 percent compared with $688,000 during the third quarter of fiscal 2009. Net losses narrowed 45.8 percent to $542,000, compared with net losses of $1 million during Q3 2009.

Brooks Automation's Q1 sales rise, net losses narrow

February 5, 2010 by MassDevice staff

Brooks Automation Inc. (NSDQ:BRKS) boosted its top line and slashed losses during the first quarter.

Revenues for the Chelmsford, Mass.-based semiconductor imaging components maker neared $106.2 million for the three months ended Dec. 31, 2009, compared to revenues of $73.4 million during the same period last year. Compared with the fourth quarter last year, sales rose 65.7 percent from $64.1 million.

Brooks pared its Q1 net losses to $2.8 million, or 4 cents per diluted share, from $35.1 million, or 56 cents per diluted share, during Q1 2009. Net losses were also down sequentially from $14.5 million during Q4 2009.

Bottom line dips for ICU Medical despite Q4 sales boost

February 2, 2010 by MassDevice staff

ICU Medical Inc. (NSDQ:ICUI) posted fourth-quarter sales of $69.8 million for the three months ended Dec. 31, 2009, up 23 percent compared with $56.7 million during the same period last year. Net income fell 18 percent to $7.4 million, compared with $9 million during Q4 2008:

Riverside partners Tegra with Mississippi contract manufacturer

January 15, 2010 by MassDevice staff

Riverside Partners is wasting little time putting its latest private equity fund to work, announcing the acquisition of a majority stake in a contract manufacturing company in Mississippi and partnering the new acquisition with Franklin, Mass.-based Tegra Medical.

The new pact is intended to extend both companies' reach with OEMs in the orthopedic market. In particular, South Hernando, Miss.-based CTW Inc. has a strong position producing components for spine and trauma devices as well as knee, hip and dental applications. The company was founded in 1976, but has focused solely on precision medical device manufacturing since 2000.

AdvanSource Biomaterials goes west

January 7, 2010 by MassDevice staff

AdvanSource Biomaterials Corp. (NYSE:ASB) is heeding Horace Greeley's advice and heading west.

The Wilmington, Mass.-based advanced polymer maker hired Debbie Hauser to be its sales rep for western North America, in a bid to expand its geographic footprint to the Left Coast.

Hauser, principal and founder of Best Impressions, is an experienced plastics saleswoman with more than 20 years' experience under her belt. She has Bay State roots, having earned plastics engineering degrees from UMass-Lowell. Hauser is based in Cardiff-by-the-Sea, Calif.