MedPlast buys Orthoplastics to speed growth in implant market

By Catherine Kavanaugh
Staff Reporter

Published: October 14, 2013 11:02 am ET
Updated: October 14, 2013 11:09 am ET

Related to this story

Topics Medical, Mergers & Acquisitions, Injection Molding, Blow Molding

MedPlast Inc., a U.S.-based medical molder and contract manufacturer, has acquired U.K.-based Orthoplastics Ltd., which makes ultra-high molecular weight polyethylene products and components for orthopedic device implants.

Headquartered in Tempe, Ariz., MedPlast specializes in thermoplastic and elastomeric materials for medical devices used in surgery, oncology, dentistry, and other segments of the health market. The company functions as an extension of its customers manufacturing operations, encouraging them on its website to “give us your difficult products.”

Orthoplastics is one of the major suppliers to the strictly regulated orthopedic implant market.

The combination of the two firms will bring opportunities for both businesses and their customers, according to MedPlast CEO Harold Faig. MedPlast expands its footprint in Europe for medical applications and Orthoplastics gains production capacity for components.

“Through this acquisition, MedPlast can accelerate its growth into the medical device assembly and implantables markets,” Faig said in a statement.

Orthoplastics will help MedPlast widen its range of processing technologies as the design of medical products grows increasingly sophisticated and regulated.

“This acquisition allows MedPlast to combine its technical capabilities with Orthoplastics’ implantable technologies to become a significant player in the implantable market,” David Brooks, managing director of Orthoplastics, said in a statement.

MedPlast’s expertise lies in injection molding, medical blow molding, silicone extrusion, compression and transfer molding, liquid injection molding, two-shot molding, over molding, insert molding, multi-component molding, and precision mold making. The company recorded sales of $222 million in 2012.

Orthoplastics capabilities include direct compression molding, ram extrusion, annealing, machining and finishing, inspection and laboratory testing. The company developed technology to produce premium grade UHMWPE material and it patented a method of gamma cross linking in bulk with close dosage control, which is important to orthopedic device customers.

Last year, MedPlast acquired fellow contract manufacturer United Plastics Group Inc., which makes precision plastic products for the medical and industrial markets, with operations in the United States, Wales, China and Mexico. The acquisition of the Oak Brook, Ill.-based company gave MedPlast significant reach and production capacity in China. After the restructuring was completed in November, the MedPlast brand concentrated on the medical business and the UPG brand on industrial markets.


Comments

MedPlast buys Orthoplastics to speed growth in implant market

By Catherine Kavanaugh
Staff Reporter

Published: October 14, 2013 11:02 am ET
Updated: October 14, 2013 11:09 am ET

Post Your Comments


Back to story


More stories

Image

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Quality Vision buys ShapeGrabber

April 23, 2014 10:19 am ET

Quality Vision International Inc. of Rochester, N.Y., has purchased ShapeGrabber Inc., a maker of automated three-dimensional scanners, in a deal...    More

Some medical devices could get faster approval with new FDA rules

April 22, 2014 7:41 pm ET

The U.S. Food and Drug Administration is proposing an expedited approval for medical devices for devices aimed at the diagnosis or treatment of...    More

Image

Two Ohio groups team up to accelerate development of future medical devices

April 22, 2014 9:55 am ET

The Austen BioInnovation Institute in Akron and Cleveland-based design specialists Nottingham Spirk announced a strategic partnership that the two org...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events