MDI acquires two medical tubing and extrusion companies from Schauenburg Hose Technology
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 acquired Schoenberg Hose Technology, GlobalMed Inc. (Canada) and Schoenberg-Truplast (China) announced the acquisition of two companies. ) (together, “GlobalMade”).
Global Made, headquartered in Trenton, Ontario, Canada, is a pure-play 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.
“GlobalMed’s combination with MDI further deepens our capabilities for medical device OEMs in line with our global growth strategy,” said Greg Tobin, MDI’s President and CEO. “Our current expertise in a variety of molding technologies, combined with GlobalMed’s extrusion expertise in the design, development and production of highly engineered extrusions for specialized medical applications and equipment, allows us to provide an expanded set of injection molding, extrusion, design, development and Will allow assembly capabilities for our customers around the world.”
“GlobalMed has experienced a fascinating growth trajectory over the past 20 years, becoming a globally recognized player in the medical OEM field. I am most grateful to the entire team for all their commitments and achievements during this time ,” said Mark George Schonberg, CEO of Schoenberg Technology SE, the parent company of Schoenberg Hodge Technology Group.
“With MDI, we have found a partner that we believe is well-equipped to capture the significant growth potential of GlobalMed and provide additional professional opportunities to our team,” said Schoenberg of Hose Technology Group. Co-CEO Richard Meier said.
MDI’s 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 – providing a full-suite of solutions for its customer base.
“We are pleased to partner with GlobalMed to support MDI’s enhanced capabilities and stronger customer relationships in the rapidly growing healthcare market,” said John Place, co-managing partner at TrueArc Partners, the majority owner of Molded Devices.
GlobalMed’s current management teams in Canada and China will join MDI’s leadership team.
Houlihan Loki, Westend Corporate Finance, PwC, Fasken and Junhe advised Schoenberg and GlobalMed. Davis Polk served as legal advisor and SVB Securities as financial advisor to MDI and TrueArk Partners.
Financial terms were not disclosed.
Molded Devices, Inc. about
Molded Devices, Inc. (MDI) produces a variety of complex injection components used in medical devices, aerospace and industrial applications. Headquartered in Tempe, AZ, the company has dedicated production facilities in the United States, Mexico, China, and Canada. Click here to learn more about Molded Devices www.moldeddevices.com,
About TrueArk Partners
TruArc Partners is a private equity firm focused on mid-market control investments. TruArc focuses on companies from the lucrative sub-sectors in specialized construction 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 TrueArk, visit www.truarcpartners.com,
Schauenburg Technology SE . about
Schauenburg Hose Technology Group and GlobalMed’s parent, Schauenburg Technology SE, is headquartered in Mülheim, Germany and is a major niche player in the field of plastic hose technology operating under the Schauenburg Hose Technology umbrella. for more information: https://schauenburg-hose.com/en/,
About GlobalMed Inc.
GlobalMed Inc. is a certified medical extrusion and tubing manufacturer with over 40 years of plastic extrusion experience. GlobalMed is part of the international Schauenburg Hose Technology Group since 2004. for more information: www.globalmedinc.com,
About Schoenberg-Truplast Hose Technology Ltd.
Schauenburg‐Truplast Hose Technology Ltd. is a certified medical extrusion from China and GlobalMed Inc. with over 16 years of plastics. Contract Manufacturers for Tubing take out experience. Schoenberg has been part of Truplast International Schauenburg Hose Technology Group since its establishment in 2005. for more information: https://schauenburg-hose.com/en/,
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