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Topics Medical Mergers & Acquisitions Injection Molding
Companies & Associations
SCOTTSDALE, ARIZ. (Jan. 4, 11:50 a.m. ET) — Providien LLC acquired Dynaroll Corp. of Sylmar, Calif., on Dec. 31. Terms were not disclosed.
Dynaroll is a contract manufacturer of medical components for devices, robots, surgical equipment and disposable products.
Also, Dynaroll supplies high-precision miniature and instrument bearings essential for motion control in certain medical devices and diagnostic and imaging systems.
A small portion of Dynaroll’s manufacturing involves precision machining of plastic components. The remainder deals with metals processing and assembly tasks.
Simon Harrison founded Dynaroll in 1988. The firm employs 85, occupies 40,000 square feet and is certified under ISO 9001, ISO 13485, ISO 14001 and OHSAS 18001.
Principals of Providien and Dynaroll began discussions during 2012’s third quarter, said Jeff Goble, Providien president and CEO.
Formed in June 2010, Scottsdale-based holding company Providien reports annual sales of about $80 million and approximately 800 employees, Goble said. In addition to Dynaroll, Providien’s other operating divisions include thermoformer Specialty Manufacturing Inc. of San Diego, injection molder Plastics Engineering & Development Inc. of Carlsbad, Calif., contract manufacturer Integra Biotechnical LLC in Vista, Calif., and Tijuana, Mexico, and ventilation therapy specialist Emergent Respiratory LLC of Carlsbad.
Goble said the addition of Dynaroll coincides with an industry trend toward consolidation of vendor bases and “expands the breadth of our customer relations.”