MedTech Group Inc. brought Advanced Polymers Inc. into its family of companies.
South Plainfield, N.J.-based MedTech Group acquired the Salem, N.H.-based company in an effort to bolster its contract design operations specifically for catheter based devices, according to a press release.
Advanced Polymers Inc. "produces the industry’s thinnest, strongest and smallest heat shrink tubing," according to the company, in addition to balloons and catheters for minimally invasive and interventional procedures. Its capabilities will complement the design capacities MedTech subsidiary TDC Medical Inc. of Marlborough, Mass., according to the press release.
"The combination also allows Advanced Polymers to leverage MedTech’s full contract manufacturing, supply chain management and TDC Medical’s design capabilities as we continue to grow our catheter development and manufacturing business," said Advanced Polymers president Mark Saab in prepared remarks.
Mark Saab will remain president of Advanced and join MedTech’s board, according to the release.
