ITW buys medical molder Coeur

Published: October 8, 2012 6:00 am ET

Related to this story

Topics Medical, Mergers & Acquisitions, Injection Molding, Pipe/Profile/Tubing

HEBRON, ILL (Oct. 8, 2:40 p.m. ET) — ITW Medical Products has purchased Coeur Holding Co., an injection molder and extruder of disposable medical products used in diagnostic imaging and other procedures.

Coeur is headed by Jay Cude, who also is chairman of the Society of the Plastics Industry Inc. The company had been owned since 2008 by Riverside Co., a Cleveland-based private equity firm.

Terms were not disclosed.

Glenview, Ill.-based Illinois Tool Works Inc. is combining Coeur with its ITW Filtertek business to create the ITW Medical Products unit. Filtertek makes custom insert molded filtration and flow control components.

“I am excited about joining ITW. The company is committed to the medical products market and is planning on investing in Coeur’s growth,” Cude said in a news release. “Our customers will also have access to the ITW Medical Products Filtertek line of products.”

Parent company ITW, a manufacturing conglomerate, recently started on a new strategy to focus on higher-growth markets.

The Medical Products unit is headed by Law Burks, vice president and general manager.

Coeur is based in Lebanon, Tenn., and has a molding and assembly plant in Washington, N.C., and a tubing extrusion and assembly plant in Sheboygan, Wis. The company also has a facility in Saltillo, Mexico, that assembles dispenser coil and fluid delivery products.

Plastics News estimates Coeur’s plastic tubing sales at $17 million, and its total corporate sales at $31 million.

Filtertek has operations in Hebron; Elk Grove Village, Ill.; Juarez, Mexico; Shanghai; São Paulo, Brazil; Newcastle West, Ireland; and Madrid.

Plastics News estimates Filtertek’s North American injection molding sales at $45 million.


Comments

ITW buys medical molder Coeur

Published: October 8, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

Illinois injection molder expands

July 21, 2014 1:23 pm ET

Automotive supplier All-Rite Industries Inc. has added two new injection molding machines to its operations.    More

Image

Huhtamäki to evaluate its films business

July 21, 2014 9:52 am ET

Finland-based plastics packaging group, Huhtamäki Oyj, has announced that it is evaluating its options regarding its films business, due to its...    More

Image

Thermoforming Technology Group adds Lyle Industries to its portfolio

July 18, 2014 2:48 pm ET

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.    More

Image

Infiltrator goes very large scale for injection press

July 18, 2014 1:45 pm ET

Infiltrator Systems Inc. has designed and built a mammoth injection press, with 6,000 tons of clamping force, to mold septic tank halves measuring 15 ...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events