MedPlast (Tempe, Ariz.) said today that it has closed on its acquisition of Vention’s medical device manufacturing services division.
Financial terms of the deal were not disclosed. The device manufacturing services business has locations in New Jersey, Michigan, Puerto Rico and Costa Rica.
“This acquisition is a first and important step in our strategic plan to expand our offering to customers,” MedPlast CEO Harold Faig said in a news release. “Our goal is to build on our core manufacturing and engineering capabilities to provide our customers with a comprehensive portfolio of end-to-end product solutions.”
Nordson (Westlake, Ohio) is meanwhile in the process of paying $705 million in cash to acquire Vention’s advanced technologies division, which has locations in New Hampshire, Tennessee, Ireland, Minneapolis, Massachusetts, California, Colorado and Israel.