Texcel Medical and Circle Medical Devices inked a merger deal to join their medical device contract manufacturing operations. Specific terms of the deal were not disclosed.
The new firm, which will be called CIRTEC Medical Systems, will span the continental U.S., with operations at Circle’s HQ in Los Gatos, Calif., and its Minneapolis shop and in Texcel’s home base of East Longmeadow, Mass.
Texcel president and CEO Barry Smith, who will become chief executive of the new business, said the 130-employee entity unites Circle’s design and development capabilities with Texcel’s development and manufacturing expertise.
The two firms have collectively helped create more than 300 medical device technologies for clients ranging from startups to international players, Smith added.
In August, Texcel announced a $1 million expansion of its manufacturing capacity and added four experts in regulatory affairs, design and engineering to its roster.
John Mulvihill, vice president of sales and marketing for Texcel, told MassDevice that the merger creates a “powerhouse.”
“The combination of experience and capabilities that are going to be a part of CIRTEC Medical Systems is really exceptional,” Mulvihill told us. We’re really going to be able to do quite a lot more of the ideation, the design and development through to commercialization of implantable medicals devices, external medical systems or electro-mechanical devices. We’ve really expanded our capabilities immensely with the merger. It’s going to be a real powerhouse.”
