PIERCETON, IND. — Paragon Medical Inc., a manufacturer of polymer case and tray sets for surgical instrument delivery, announced Nov. 4 it will acquire Pendleton Technologies Inc. for an undisclosed amount.
Tobias W. Buck, Paragon Medical chief executive officer, said the metal cases and trays made by Pendleton ``are a direct complement to what we do with open containers. One material leverages the other.''
Paragon, a public company located in northeast Indiana between South Bend and Fort Wayne, had sales of $10 million in fiscal 1996. Buck said its reusable trays and cases are made exclusively with Amoco Chemical Co.'s Radel high-temperature polycarbonate.
The company's disposable packaging, for such products as catheters, is polyethylene.
Pendleton Technologies, 60 miles south of Pierceton, outside Indianapolis, was privately owned and now will become a wholly owned subsidiary of Paragon. It will keep its name and continue to operate at its present location, Buck said.
Both companies were founded in 1991.