{"id":50678,"date":"2022-11-09T20:02:06","date_gmt":"2022-11-09T19:02:06","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/mdi-acquires-two-medical-tubing-and-extrusion-companies-from-schauenburg-hose-technology\/"},"modified":"2022-11-09T20:02:06","modified_gmt":"2022-11-09T19:02:06","slug":"mdi-acquires-two-medical-tubing-and-extrusion-companies-from-schauenburg-hose-technology","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/mdi-acquires-two-medical-tubing-and-extrusion-companies-from-schauenburg-hose-technology\/","title":{"rendered":"MDI Acquires Two Medical Tubing and Extrusion Companies from Schauenburg Hose Technology"},"content":{"rendered":"
\n

\nBolsters Molded Devices\u2019 capabilities in medical device manufacturing<\/i>\n<\/p>\n

TEMPE, Ariz.–(BUSINESS WIRE)–Molded Devices, Inc<\/a>. (MDI), a provider of high-precision, value-added plastic component manufacturing solutions for medical and non-medical applications, today announced the acquisition of two companies from Schauenburg Hose Technology, GlobalMed Inc. (Canada) and Schauenburg\u2010Truplast (China) (together, \u201cGlobalMed\u201d).\n<\/p>\n

<\/a><\/p>\n

\nGlobalMed, headquartered in Trenton, Ontario, Canada, is a pure\u2010play medical tubing and extrusion manufacturer with over 40 years of plastic extrusion expertise. The company currently serves medical device original equipment manufacturers (OEMs) in clinical areas such as anesthesia, respiratory, ventilation, surgical (smoke evacuation) and sleep apnea. GlobalMed has offices and production locations in Trenton Ontario, Canada and Guangzhou, China.\n<\/p>\n

\n\u201cThe combination of GlobalMed with MDI further deepens our capabilities for medical device OEMs in line with our global growth strategy,\u201d said Gregg Tobin, President and CEO, MDI. \u201cOur current expertise in various molding technologies combined with GlobalMed\u2019s extrusion expertise in the design, development, and production of highly engineered extrusions for specialized medical applications and devices will allow us to provide an expanded set of injection molding, extrusion, design, development, and assembly capabilities to our customers around the world.\u201d\n<\/p>\n

\n\u201cGlobalMed has experienced an attractive growth trajectory over the past 20 years, becoming a globally recognized player in the medical OEM sector. I\u2019m most grateful to the entire team for all their commitment and achievements during this time,\u201d said Marc Georg Schauenburg, CEO of Schauenburg Technology SE, parent company of Schauenburg Hose Technology Group.\n<\/p>\n

\n\u201cWith MDI, we\u2019ve found a partner whom we believe is well-equipped to capture GlobalMed\u2019s significant growth potential and provide additional professional opportunities to our team,\u201d added Richard Meyer, co\u2010CEO of Schauenburg Hose Technology Group.\n<\/p>\n

\nMDI\u2019s core manufacturing capabilities include injection molding, tube extrusion, blow molding, dip molding, and dip coating. The company also provides a range of value-added services including clean room assembly for advanced medical device production, product design and development, and engineering and tooling support \u2013 offering a full-suite of solutions to its customer base.\n<\/p>\n

\n\u201cWe are pleased to support MDI\u2019s increased capabilities and robust customer relationships in the fast-growing healthcare market with the addition of GlobalMed,\u201d said John Pless, Co-Managing Partner at TruArc Partners, majority owner of Molded Devices.\n<\/p>\n

\nThe current management team of GlobalMed in Canada and China will join MDI\u2019s leadership team.\n<\/p>\n

\nHoulihan Lokey, Westend Corporate Finance, PwC, Fasken and JunHe advised Schauenburg and GlobalMed. Davis Polk acted as legal counsel and SVB Securities as financial advisor to MDI and TruArc Partners.\n<\/p>\n

\nFinancial terms were not disclosed.\n<\/p>\n

\nAbout Molded Devices, Inc.<\/b>\n<\/p>\n

\nMolded Devices, Inc. (MDI) produces various complex injection components used in medical devices, aerospace, and industrial applications. Headquartered in Tempe, AZ, the company has dedicated production facilities across the United States, Mexico, China, and Canada. To learn more about Molded Devices visit www.moldeddevices.com<\/a>.\n<\/p>\n

\nAbout TruArc Partners<\/b>\n<\/p>\n

\nTruArc Partners is a private equity firm focused on middle-market control investments. TruArc focuses on companies in attractive sub-sectors across specialty manufacturing and business services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. To learn more about TruArc visit www.truarcpartners.com<\/a>.\n<\/p>\n

\nAbout Schauenburg Technology SE<\/b>\n<\/p>\n

\nSchauenburg Technology SE, parent to Schauenburg Hose Technology Group and GlobalMed, is headquartered in M\u00fclheim, Germany and is a leading niche player in the field of plastic hose technology operating under the umbrella of Schauenburg Hose Technology. For further information: https:\/\/schauenburg-hose.com\/en\/<\/a>.\n<\/p>\n

\nAbout GlobalMed Inc.<\/b>\n<\/p>\n

\nGlobalMed Inc. is a certified medical extrusion and tubing manufacturer with over 40 years plastic extrusion experience. GlobalMed has been part of the international Schauenburg Hose Technology Group since 2004. For further information: www.globalmedinc.com<\/a>.\n<\/p>\n

\nAbout Schauenburg\u2010Truplast Hose Technology Ltd.<\/b>\n<\/p>\n

\nSchauenburg\u2010Truplast Hose Technology Ltd. from China is a certified medical extrusion and <\/b>tubing contract manufacturer for GlobalMed Inc. with over 16 years of plastic <\/b>extrusion experience. Schauenburg Truplast has been part of the international <\/b>Schauenburg Hose Technology Group since its inception in 2005. <\/b>For further information: https:\/\/schauenburg-hose.com\/en\/<\/a>.\n<\/p>\n

Contacts<\/b> <\/p>\n

\nAbby Aylman Cohen
\n
Greentarget
\n
acohen@greentarget.com<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bolsters Molded Devices\u2019 capabilities in medical device manufacturing TEMPE, Ariz.–(BUSINESS WIRE)–Molded Devices, Inc. (MDI), a provider of high-precision, value-added plastic component manufacturing solutions for medical and non-medical applications, today announced the acquisition of two companies from Schauenburg Hose Technology, GlobalMed Inc. (Canada) and Schauenburg\u2010Truplast (China) (together, \u201cGlobalMed\u201d). GlobalMed, headquartered in Trenton, Ontario, Canada, is a … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-50678","6":"format-standard","7":"category-industry"},"yoast_head":"\nMDI Acquires Two Medical Tubing and Extrusion Companies from Schauenburg Hose Technology - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/mdi-acquires-two-medical-tubing-and-extrusion-companies-from-schauenburg-hose-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MDI Acquires Two Medical Tubing and Extrusion Companies from Schauenburg Hose Technology - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Bolsters Molded Devices\u2019 capabilities in medical device manufacturing TEMPE, Ariz.–(BUSINESS WIRE)–Molded Devices, Inc. (MDI), a provider of high-precision, value-added plastic component manufacturing solutions for medical and non-medical applications, today announced the acquisition of two companies from Schauenburg Hose Technology, GlobalMed Inc. (Canada) and Schauenburg\u2010Truplast (China) (together, \u201cGlobalMed\u201d). GlobalMed, headquartered in Trenton, Ontario, Canada, is a ... 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