US Endoscopy purchased a 70,000-square-foot manufacturing facility near its Mentor, Ohio, headquarters.
The company plans “many renovations” on the plant, and hopes to move all of its existing production to the facility by the end of the year, according to the company.
“This will proactively provide us the much needed capacity to support continued growth in manufacturing, distribution, and office space while maintaining our local campus setting,” COO Tony Siracusa said.
As its name would suggest, US Endoscopy makes endoscopic products aimed at unmet needs in the burgeoning market for minimally invasive surgical procedures of the digestive system. It offers about 140 products — many of them accessories that enable diagnosis or therapy — and usually introduces several new products and accessories a year.
The company was founded in 1991, and plans to add 150 employees to its 350-person workforce over the next three years.