Vention Medical buys catheter maker Fast Forward Medical

By Jeremy Carroll
Assistant Managing Editor

Published: October 31, 2013 5:16 pm ET
Updated: October 31, 2013 7:52 pm ET

Related to this story

Topics Mergers & Acquisitions, Medical, Extrusion, Injection Molding

Vention Medical has scooped up Fast Forward Medical, a Plymouth, Minn., manufacturer of catheters used in minimally invasive medical procedures.

Terms of the deal were not disclosed.

Vention, based in South Plainfield, N.J., said the acquisition would further its line of products, which includes medical balloons, catheters, multi-layer extrusions, heat shrink tubing, polyimide and micro-tubing for a variety of catheter assemblies and minimally invasive medical devices.

Vention CEO Dan Croteau called the Minneapolis area “a strategic region.”

“We are excited to partner with this talented team of experienced industry experts as they continue to lead the Fast Forward business and enhance our advanced components offering,” Croteau said in a news release.

Brady Hatcher, co-founder and principal at Fast Forward Medical, said Vention’s advanced polymer balloon technologies and global footprint, fit with his company’s strategy of providing customers from services ranging from design to manufacturing.

Vention expanded in 2011 with the purchase of Atek Medical Group of Grand Rapids, Mich, a medical contract manufacturer with plants in the United States and Costa Rica. In the previous year Vention merged with medical heat-shrink tubing and catheter balloon producer Advanced Polymers Inc. of Salem, N.H. The latter deal launched Vention into the catheter-based market.

Earlier this year Vention acquired RiverTech Medical LLC, which specialized in polyimide tubing, braided polyimide, composite tubing and wire coatings for medical devices.


Comments

Vention Medical buys catheter maker Fast Forward Medical

By Jeremy Carroll
Assistant Managing Editor

Published: October 31, 2013 5:16 pm ET
Updated: October 31, 2013 7:52 pm ET

Post Your Comments


Back to story


More stories

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Detroit Manufacturing Systems to hire 200 for F-150 production

October 29, 2014 10:40 am ET

Interior trim supplier Detroit Manufacturing Systems LLC plans to hire 200 assembly workers by January to support production growth of Ford Motor Co....    More

Image

Cosmetic packaging maker expands in China

October 28, 2014 3:32 pm ET

A $180 million expansion project by the Derjin Group of Taiwan has broken ground in China's Jiangsu province.    More

Image

Facing labor shortage, one processor starts its own bus service

October 27, 2014 2:08 pm ET

Like much of the manufacturing industry, Primera Plastics Inc. in Zeeland, Mich., has had trouble finding qualified workers to fill gaps in its staff....    More

Image

TMI has new private equity owner

October 27, 2014 2:03 pm ET

Pittsburgh-based TMI International LLC, a maker of PVC-based film, panel and sheet products as well as PVC-coated curtains and screens, has been acqui...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events